Wed. Aug 17th, 2022

90 Greene Street, 2328 12th Avenue and 165-15 to 165-18 88th Avenue (Google Maps)

In the midst of the investment selling market was a potpourri of trades last week, with 13 transactions bringing in $ 245 million. Manhattan had seven, Brooklyn three, Queens two and the Bronx only one.

The biggest trade of the week was for an apartment building in Soho, while Columbia University expanded its territory in Manhattanville, and inventory sales continued at a rapid pace; a Swedish artist even took part in the action.

Here are more details on the transactions between $ 10 million and $ 40 million recorded in the last full week of January.

1. Oaktree Capital Management sold a condominium building at 90 Greene Street in Soho for $ 39.4 million, after buying the property in October for $ 33.6 million. Acadia Realty Trust purchased the 11,200-square-foot building, which features four full-floor housing units and a ground-floor retail unit.

Columbia University purchased a vacant 41,000-square-foot building at 2328 12th Avenue in Manhattanville for $ 25.2 million from the Glickberg family, whose Fairway Market grocery chain operated the site before it went bankrupt in 2020. The building was sold as part of a $ 84 million. adjoining real estate business, all formerly owned by Glickbergs.

3. The New York City School Construction Authority purchased 49,250 square feet of land on three plots from 165-15 to 165-18 88th Avenue in Jamaica for $ 24 million. Bernard F. Dowd Funeral Home was the seller.

4. A subsidiary of the food and beverage packaging company Trans-Packers Services Corp. sold 77,850 square feet of storage space at 419 and 429 Vandervoort Avenue in East Williamsburg for $ 22 million. The buyer was a shell company registered with the auditing firm Wei, Wei & Co., created by Steve Wei and Liren Wei. The properties are also known as 353 and 366 Frost Street.

5. Torkian Group purchased a 72,000-square-foot warehouse at 38-01 43rd Avenue in Sunnyside, Queens, for $ 20 million. The property was owned by a handful of family funds and limited liability companies.

6. JAM Real Estate Partners purchased 40 residential units at 324 and 326-328 East 89th Street in Yorkville for $ 19 million. The Grell and Schulz families sold the buildings.

7. Swedish artist Urs Fischer sold 25,000 square feet of storage space at 129 Van Brunt Street and 42 President Street in the Columbia Street Waterfront District, Brooklyn, for $ 16.1 million. Rachel Foster of JLL signed for the buyer, a limited liability company registered on property owned by Fridal Enterprises.

8. David Levy’s Adams & Company Real Estate bought a 16.4 percent stake in 1071 Sixth Avenue, a 174,000-square-foot Midtown office building for $ 20.3 million. The sellers were Equity Resource Investments and a shell company.

9. Los Angeles-based Calmwater Capital bought 18 apartments at 20 West Street in the Financial District for $ 14.7 million. Center Development Corporation sold the units.

10. The School Construction Authority purchased a 26,400-square-foot package at 4002 Fort Hamilton Parkway in Borough Park, Brooklyn, for $ 14.7 million. A Roman Catholic congregation was the seller.

11. DHA Capital sold a 2,750-square-foot package at 30 Thompson Street in Soho for $ 13 million. Newark-based Extended Management was the buyer.

12. Paul Xuereb’s Tri-Star Equities purchased a 13,900-square-foot, 680-square-foot (680) Broadway building in Noho for $ 12.1 million. The seller was Max Abramowitz from William Max & Co.

13. The Vanbarton Group sold a 19,400-square-foot retail building at 2374 Grand Concourse in Fordham, Bronx, for $ 10.5 million. Edward Ostad was the buyer.

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