Recent Commercial Real Estate Transactions

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Recent Commercial Real Estate Transactions

$1.35 MILLION

1652 Norman Road (concerning Cypress and Wyckoff Avenues)

Queens

This a few-story, 3,780-square-foot developing in Ridgewood was built in 1931. It has five free-marketplace residences — one particular 4-bed room, two a few-bedrooms and two two-bedrooms — and a garage. 3 residences were being vacant at the time of the sale.

Buyer: Ronald Chua

Vendor: George McBean

Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds and Sean Mashihi of Bestreich Realty Team

$5.95 MILLION

98 Forsyth Road (concerning Broome and Grand Streets)

Manhattan

Developed in 1900 and renovated in 2005, this 5-story, 12,800-sq.-foot creating in the Bowery has 4 professional units, 1 live-work room, three two-bedroom residences and a basement. With the exception of the live-get the job done space, which is occupied by an artist, the developing was sent vacant.

Purchaser: YYY Realty

Buyer’s Broker: Mentioned Boukhalfa of Marcus & Millichap

Seller: 98 Forsyth Corporation

Seller’s Broker: Teddy Galligan of JLL

$22 MILLION

88 and 90 White Avenue (concerning Cortlandt Alley and Lafayette Street)

Manhattan

This website consists of two adjacent properties in Chinatown. The 5-story, 9,350-square-foot setting up at 88 White Road was designed in 1890 and has two business floors 3 two-bed room, full-ground residences and a basement. The 3rd-floor apartment is occupied and lease-stabilized the other areas will be delivered vacant. The two-tale, 10,500-sq.-foot building at 90 White Street was built in 1915 and includes a mezzanine level. Its sole tenant, the Hugh O’Kane Electric Enterprise, operated there for extra than 70 decades. The making will be shipped vacant.

Vendor: 88/90 White St Company

Brokers: Stephen Dadourian and Jonathan Buerger of B6 Genuine Estate