Recent commercial real estate transactions

Recent sale $ 1.35 MILLION 1652 Norman Street (between Cypress and Wyckoff avenues) Queens This three-story, 3,780-square-foot build...


$ 1.35 MILLION

1652 Norman Street (between Cypress and Wyckoff avenues)

Queens

This three-story, 3,780-square-foot building in Ridgewood was constructed in 1931. It features five open-market apartments – one of four bedrooms, two of three bedrooms, and two of two bedrooms – and a garage. Three apartments were vacant at the time of the sale.

Buyer: Ronald chua

Seller: George mcbean

Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds and Sean Mashihi of Bestreich Realty Group

$ 5.95 MILLION

98 Forsyth Street (between Broome and Grand Streets)

Manhattan

Built in 1900 and remodeled in 2005, this five-story, 12,800 square foot building in the Bowery features four commercial units, a living / working space, three two-bedroom apartments and a basement. With the exception of the living and working space occupied by an artist, the building was delivered vacant.

Buyer: AAAA real estate

Buyer’s broker: Said Boukhalfa by Marcus & Millichap

Seller: 98 Forsyth Corporation

Seller’s broker: Teddy Galligan from JLL

$ 22 MILLION

88 and 90 White Street (between Cortlandt Alley and Lafayette Street)

Manhattan

This site consists of two adjacent buildings in Chinatown. The five-storey, 9,350 square foot building at 88 White Street was constructed in 1890 and has two commercial floors; three two-bedroom apartments on the ground floor; and a basement. The apartment on the third floor is occupied and at stabilized rent; the other spaces will be delivered vacant. The 10,500 square foot two-story building at 90 White Street was constructed in 1915 and includes a mezzanine. Its sole tenant, the Hugh O’Kane Electric Company, operated there for over 70 years. The building will be delivered vacant.

Seller: 88/90 White St Corporation

Brokers: Stephen Dadourian and Jonathan Buerger of B6 Real Estate

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Newsrust - US Top News: Recent commercial real estate transactions
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