Real Estate

Recent Commercial Real Estate Transactions


1652 Norman Avenue (between Cypress and Wyckoff Avenues)


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


98 Forsyth Avenue (between Broome and Grand Streets)


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


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


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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