Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.

Marcus & Millichap

$5.3 MILLION

68 Middagh Street (between Hicks and Henry Streets)

Brooklyn

This 9,156-square-foot, five-story apartment building in Brooklyn Heights was built in 1900 and has 11 apartments: two studios and nine two-bedrooms. Five of the apartments are rent-stabilized and two are vacant.

Buyer: 177 Water Limited Partnership

Seller: 68 Middagh Street L.L.C.

Brokers: Michael Salvatico, Robbie Ferman and Shaun Riney of Marcus & Millichap

Alpha Realty

$27 MILLION

792 Sterling Place (between Rogers and Nostrand Avenues)

Brooklyn

Built in 2009, this five-story, 61,000-square-foot building in Crown Heights has 82 apartments: 30 studios, 34 one-bedrooms and 18 two-bedrooms, all of which are rent-stabilized. The building is fully occupied and includes a laundry room, a fitness room and a parking lot with 58 spaces.

Seller: Sterling Place Condo

Broker: Lev Mavashev of Alpha Realty

Ripco Real Estate

For Sale

$43.5 MILLION

251-73 Jericho Turnpike (at Little Neck Parkway)

Queens

This four-story, 80,102-square-foot building in Bellerose was built in 2018 and has 16 commercial units. The building is 98 percent leased, with anchor tenants that include Planet Fitness, Children of America, Tiger Schulmann’s, SightMD, Northwell Health and Finesse Dental Lab.

Seller: Jericho Holdings

Brokers: Stephen R. Preuss, Kevin Schmitz, Kevin Louie and Andreas Efthymiou of Ripco Real Estate

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Author: Media Partner