Real Estate

Recent Commercial Real Estate Transactions

$1.35 MILLION

1652 Norman Avenue (between Cypress and Wyckoff Avenues)

Queens

This three-story, 3,780-square-foot constructing in Ridgewood was in-built 1931. It has 5 free-market flats — one four-bedroom, two three-bedrooms and two two-bedrooms — and a storage. Three flats had been vacant on the time of the sale.

Purchaser: Ronald Chua

Vendor: George McBean

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

$5.95 MILLION

98 Forsyth Avenue (between Broome and Grand Streets)

Manhattan

Inbuilt 1900 and renovated in 2005, this five-story, 12,800-square-foot constructing within the Bowery has 4 industrial models, one live-work area, three two-bedroom flats and a basement. Excluding the live-work area, which is occupied by an artist, the constructing was delivered vacant.

Purchaser: YYY Realty

Purchaser’s Dealer: Mentioned Boukhalfa of Marcus & Millichap

Vendor: 98 Forsyth Company

Vendor’s Dealer: Teddy Galligan of JLL

$22 MILLION

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

Manhattan

This website consists of two adjoining buildings in Chinatown. The five-story, 9,350-square-foot constructing at 88 White Avenue was in-built 1890 and has two industrial flooring; three two-bedroom, full-floor flats; and a basement. The third-floor house is occupied and rent-stabilized; the opposite areas will likely be delivered vacant. The 2-story, 10,500-square-foot constructing at 90 White Avenue was in-built 1915 and features a mezzanine degree. Its sole tenant, the Hugh O’Kane Electrical Firm, operated there for greater than 70 years. The constructing will likely be delivered vacant.

Vendor: 88/90 White St Company

Brokers: Stephen Dadourian and Jonathan Buerger of B6 Actual Property

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