Current Business Actual Property Transactions

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402
Recent Commercial Real Estate Transactions

$ 9.5 MILLION

159 West 23rd Street (between Avenue of the Americas and Seventh Avenue)

Manhattan

This five-story, 8,950-square-foot building in Chelsea has six apartments and two retail spaces. Three of the apartments are rent-regulated. Both retail space and an apartment are empty.

Seller: 159 West 23rd L.L.C.

Estate agents: Matt Fotis, Colton Traynham and Leonard Pisano from Marcus & Millichap

$ 20/ SQ. FT.

$ 660,000 approximate annual rent

113-25 14th Avenue (on 114th Street)

Queens

This 33,000 square foot industrial warehouse in College Point has private parking and a two story ground floor with an interior loading dock on the upper ground floor and two overhead doors on the lower ground floor.

Landlord: KBH NY Realty

Broker: Matthew McMullen from Greiner-Maltz Real Estate

$ 11.25 MILLION

1400 Benson Street (on Lane Avenue)

The bronx

Built in 1925, the six-story, 55,272-square-meter building in the Westchester Square neighborhood includes 58 apartments and six retail spaces, plus a basement. All apartments – 50 of which are rent stabilized – and retail spaces are occupied. The building was the first real estate development by the Rudin family, who oversee one of the largest private real estate companies in New York.

Seller: Rudin Management

Buyer: Michael Gontar

estate agents: Jonathan Squires, Joshua King, Eric Roth, Michael Fioravanti and Robert Shapiro of Cushman & Wakefield

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