For Sale:
GFP Real Estate is looking to sell an industrial property (Bushwick Place) on the border of East Williamsburg and Bushwick for $30 million. The decision was made after a noodle manufacturer renewed its lease for the 71,500-square foot Brooklyn building for 10 years.Properties Sold:
An institutional owner sold 375 West Broadway for $130 million. The building houses a 10,000-square-foot Gucci store on the ground floor beneath 60,000 square feet of office space.Oaktree Capital Management sold a condominium building at 90 Greene Street for $39.4 million to Acadia Realty Trust. The building contains 11,200-square-foot with four full-floor residential units and ground-floor retail.
Columbia University bought a vacant 41,000-square-foot building at 2328 12th Avenue in Manhattanville for $25.2 million from the Glickberg family. The building was sold as part of an $84 million deal for adjacent property, all previously owned by the Glickbergs.
New York City’s School Construction Authority bought 49,250 square feet of land across three parcels from 165-15 to 165-18 88th Avenue in Jamaica for $24 million. The Bernard F. Dowd funeral home was the seller.
An affiliate of food and beverage packager Trans-Packers Services Corp. sold 77,850 square feet of warehouse space at 419 and 429 Vandervoort Avenue in East Williamsburg for $22 million. The buyer was registered to accounting firm Wei, Wei & Co. The properties are also known as 353 and 366 Frost Street.
The Torkian Group bought 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 trusts and limited liability companies.
JAM Real Estate Partners bought 40 residential units at 324 and 326-328 East 89th Street in Yorkville for $19 million. The Grell and Schulz families sold the buildings.
Swedish artist Urs Fischer sold 25,000 square feet of warehouse space at 129 Van Brunt Street and 42 President Street in the Columbia Street Waterfront District, Brooklyn, for $16.1 million. The buyer was a limited liability company registered to property owned by Fridal Enterprises.
David Levy’s Adams & Company Real Estate bought a 16.4% stake in 1071 Sixth Avenue, a 174,000-square-foot office building in Midtown for $20.3 million. The sellers were Equity Resource Investments and a shell company.
Los Angeles-based Calmwater Capital bought 18 condo units at 20 West Street in the Financial District for $14.7 million. Center Development Corporation sold the units.
The School Construction Authority bought a 26,400-square-foot parcel at 4002 Fort Hamilton Parkway in Borough Park, Brooklyn, for $14.7 million. A Roman Catholic congregation was the seller.
DHA Capital sold a 2,750-square-foot parcel at 30 Thompson Street in Soho for $13 million. Newark-based Extended Management was the buyer.
Paul Xuereb’s Tri-Star Equities bought a 13,900-square-foot, mixed-use building at 680 Broadway in Noho for $12.1 million. The seller was Max Abramowitz of William Max & Co.
Vanbarton Group sold a 19,400-square-foot retail building at 2374 Grand Concourse in Fordham, the Bronx, for $10.5 million. Edward Ostad was the buyer.
Developers Sumaida + Khurana and Bizzi & Partners teamed up to purchase the site at 524 Fort Washington Avenue in the Hudson Heights neighborhood. They paid $12 million to buy the site from Amalgamated Bank, which took control of the property after a lengthy foreclosure process.
Zeckendorf Development and Atlas Capital Group are in contract to purchase the 1.3-acre site at 570 Washington Street off the West Side Highway and are planning to build a condo tower there. Westbrook Partners is the seller of the site. The transaction is expected to close within a few months. The contract price is about $340 million.
