Investment revenues from NYC in the mid-market will begin to be strong in 2021


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Clockwise from top left: 48 Bedford Avenue in Williamsburg;  7601 4th Avenue in Bay Ridge;  55-25 58th Street in Maspeth;  42, 44 and 46 21st Street in Flatiron;  59-20 Van Doren Street in Corona (photos via StreetEasy; Google Maps)

Clockwise from top left: 48 Bedford Avenue in Williamsburg; 7601 4th Avenue in Bay Ridge; 55-25 58th Street in Maspeth; 42, 44 and 46 21st Street in Flatiron; 59-20 Van Doren Street in Corona (photos via StreetEasy; Google Maps)

In the middle of the investment sales market, a start is launched in 2021.

Seven sales ranged from $ 10 million to $ 30 million – plus one just outside it, to $ 32 million – for a total weekly volume of $ 143 million. That’s well over $ 81 million in four sales the week before.

At the top of the list was retail housing sales by LLC affiliated with SL Green, and four of the five boroughs were stores. (Sorry, Staten Island.) Here are more details for the week ending January 8:

1. A limited liability company affiliated to SL Green sold three commercial housing units in 248 Bedford Avenue in Williamsburg for a total of $ 32 million. The address is also known as 195 Berry Street. The seller was represented by Dan Kaplan from CBRE. The buyer was Ethika Capital from Abraham Bennun.

2. William Lerner, President of Imperial Parking, bought a medical building in 7601 4th class in Bay Ridge for $ 24 million. The deal was one of three completed as exchange 1031. The seller was Dr. Shahrokh Abiri, radiologist affiliated with ProHealth.

3. Liberty Coca-Cola Beverages acquired a car park with an area of ​​120 125 square meters at the address 55-25 58th Street at Maspeth for $ 18.5 million. The parking lot is adjacent to several plots in total 68,000 square feet of land which the company recently purchased. Steven Etra signed as a seller through the limited liability company Mancorp Realty Co.

4. Tri-Star Equities acquired three 21,800-square-foot mixed buildings in Flatiron County for $ 17 million. It is located in 42, 44 and 46 East 21st StreetThe buildings contain ground-floor retail and seven residential units. The seller was Gregory Hall of CGMT Hall Real Estate LLC.

5. Leibel Rubin bought a nursing home with an area of ​​62,907 square feet in the home 59-20 Van Doren Street in Corona for $ 15 million, through Park Terrace Holdings Limited. A consortium of six owners – Charles S. Ingber, Debra Weiss, Lauren Brendler, Andrew I. Rossner, Paula L. Spellman and Judith Cutler – sold the building.

6. Mineola, a New York malachite group, bought a 68,946-square-foot apartment building in 62-82 Saunders Street at Rego Park for $ 12.6 million. The building contains 60 residential units. The seller was SJS Management.

7. The domain companies purchased a 3,456-square-foot warehouse at 444 Gerard Avenue at Mott Haven for $ 12.2 million. The land has a development area of ​​83,520 square feet. The domain plans to demolish the warehouse according to plans registered by the Ministry of Buildings. The seller was a limited liability company 444 Gerard Avenue.

8. Brooklyn investor Howard Hershkovich bought a 51,000-square-foot apartment building with 60 units of 22-88 Mott Avenue at Far Rockaway for $ 12 million. The dealers were listed as Cirel and Joseph Marsasow along with a limited liability company called Twice Might.


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