Recent commercial real estate transactions in New York.
Recent Sale
$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
For Sale
$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
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
