Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.

By Kristen Bayrakdarian

Recent Sale

$8.4 MILLION

661 Washington Street (between West 10th and Christopher Streets)

Manhattan

This five-story, 10,000-square-foot building in the West Village was built in 1910 and has 13 free-market apartments: eight one-bedrooms, one two-bedroom, two three-bedrooms and two two-bedroom duplexes. Five of them are vacant.

Buyer: Target CP

Seller: Andrew Galway

Brokers: Adelaide Polsinelli and Udi Eliasi of Compass

Recent Sale

$52.5 MILLION

260 Fifth Avenue (between West 28th and West 29th Streets)

Manhattan

Built around 1900, this 65,000-square-foot, 12-story office building in the NoMad neighborhood was 80 percent vacant at the time of sale.

Buyer: Amir Loloi

Buyer’s Brokers: Andrew Zang and Greg Albert of Savills

Seller: Five Points Development

Seller’s Broker: Michael J. Ferrara of Brax Realty

For Sale

$65 MILLION

87 Wythe Avenue (between North 10th and North 11th Streets)

Brooklyn

This property in Williamsburg consists of a 37,000-square-foot retail building and a 53,000-square-foot development site with combined air rights. Built in 1945, the two-story retail building has nine commercial units on the first floor and three on the second. Seventy-five percent of the units have tenants, including Colossal Media, the New Work Project, the Bar Method and Kahkow USA.

Seller: Cayuga Capital

Brokers: Paul J. Massey Jr., Bryan Kirk, Robert W. Moore, DJ Johnston and Christian Kane of B6 Real Estate Advisors

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