Latest Business Actual Property Transactions

Recent Commercial Real Estate Transactions

$ 2,175 MILLION

407 Adelphi Street (between Fulton Street and Greene Avenue)


This three story, 3,520 square foot townhouse in Fort Greene was built in 1901 and has three two bedroom apartments, a basement and a back yard.

Buyers: Gareth Hughes

Buyer Broker: Eric Sidman from Compass

Seller: OAC Adelphi

Seller Broker: Anand Melwani from the ARM Real Estate Group

Recognition…Giant organization


604 Fifth Avenue (between West 48th and West 49th Streets)


This six-story Midtown building was designed by William Van Alen, the architect of the Chrysler Building, in 1925 and has hosted a TGI Friday for the past 20 years. The giant organization, which has owned the property since 1981, sold it to Kemmei Okada, president of the Japanese confectionery chain Minamoto Kitchoan.

Buyers: Kemmei Okada

Seller: Giant organization

Estate agents: Adelaide Polsinelli from Compass and Michael Coghill from Adirondack Capital Partners

$ 166 / SQ. FT.

$108,000 approximate annual rent

315 Bleecker Street (on Grove Street)


Hungry Ghost Coffee will rent 650 square feet in this three story building built in Greenwich Village in 1910. The café is slated to open this spring.

Tenant: Murat Uyaroglu

Tenant broker: Daniel D. DePasquale of Katz & Associates

landlord: Partnership among 50 Grove Street Associates

Landlord broker: Caleb Petersen of Newmark Knight Frank


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