Tuesday, 21 Sep 2021

Recent Commercial Real Estate Transactions

Recent Sale

$1.35 MILLION

1652 Norman Street (between Cypress and Wyckoff Avenues)

Queens

This three-story, 3,780-square-foot building in Ridgewood was built in 1931. It has five free-market apartments — one four-bedroom, two three-bedrooms and two two-bedrooms — and a garage. Three apartments were vacant at the time of the sale.

Buyer: Ronald Chua

Seller: George McBean

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

Recent Sale

$5.95 MILLION

98 Forsyth Street (between Broome and Grand Streets)

Manhattan

Built in 1900 and renovated in 2005, this five-story, 12,800-square-foot building in the Bowery has four commercial units, one live-work space, three two-bedroom apartments and a basement. With the exception of the live-work space, which is occupied by an artist, the building was delivered vacant.

Buyer: YYY Realty

Buyer’s Broker: Said Boukhalfa of Marcus & Millichap

Seller: 98 Forsyth Corporation

Seller’s Broker: Teddy Galligan of JLL

For Sale

$22 MILLION

88 and 90 White Street (between Cortlandt Alley and Lafayette Street)

Manhattan

This site consists of two adjacent buildings in Chinatown. The five-story, 9,350-square-foot building at 88 White Street was built in 1890 and has two commercial floors; three two-bedroom, full-floor apartments; and a basement. The third-floor apartment is occupied and rent-stabilized; the other spaces will be delivered vacant. The two-story, 10,500-square-foot building at 90 White Street was built in 1915 and includes a mezzanine level. Its sole tenant, the Hugh O’Kane Electric Company, operated there for more than 70 years. The building will be delivered vacant.

Seller: 88/90 White St Corporation

Brokers: Stephen Dadourian and Jonathan Buerger of B6 Real Estate

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