June 19, 2021

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Recent Commercial Real Estate Transactions – The New York Times

Current Sale$8.4 MILLION661 Washington Road (between West Tenth and Christopher Roads)ManhattanThis .......

$8.4 MILLION

661 Washington Road (between West Tenth and Christopher Roads)

Manhattan

This 5-story, 10,000-sq.-foot constructing Inside the West Village was Inbuilt 1910 and has 13 free-market flats: eight one-bed rooms, one two-bed room, two three-bed rooms and two two-bed room duplexes. Five of them are vacant.

Purchaser: Goal CP

Vendor: Andrew Galway

Suppliers: Adelaide Polsinelli and Udi Eliasi of Compass

$52.5 MILLION

260 Fifth Avenue (between West Twenty eighth and West Twenty ninth Roads)

Manhattan

Constructed round 1900, this 65,000-sq.-foot, 12-story office constructing Inside the NoMad neighborhood was 80 % vacant On the time of sale.

Purchaser: Amir Loloi

Purchaser’s Suppliers: Andrew Zang and Greg Albert of Savills

Vendor: Five Factors Enchancment

Vendor’s Supplier: Michael J. Ferrara of Brax Exactty

$65 MILLION

87 Wythe Avenue (between North Tenth and North Eleventh Roads)

Brooklyn

This property in Williamsburg consists of a 37,000-sq.-foot retail constructing and a 53,000-sq.-foot development website with mixed air rights. Constructed in 1945, The two-story retail constructing has 9 enterprise mannequins on The primary flooring and three on the second. Seventy-5 % of the mannequins have tenants, collectively with Colossal Media, The mannequin new Work Enterprise, the Bar Method and Kahkow USA.

Vendor: Cayuga Capital

Suppliers: Paul J. Massey Jr., Bryan Kirk, Robert W. Moore, DJ Johnston and Christian Kane of B6 Exact Property Advisors