October 24, 2021

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Current Business Actual Property Transactions

Recent Commercial Real Estate Transactions

$2.9 MILLION

68 West eighty fifth Avenue (between Columbus Avenue and Central Park West)

Manhattan

This five-story, 5,558-square-foot walk-up on the Higher West Aspect has 9 residences: eight studios and a one-bedroom condo. Three of the residences are rent-stabilized. The property additionally incorporates a south-facing backyard, a fourth-story outside area and a group roof deck.

Purchaser: CJX Enterprises

Vendor: Stout household

Brokers: Corridor Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin and Braedon Gait of JLL Capital Markets

$8.75 MILLION

2970 Third Avenue (at East 153rd Avenue)

The Bronx

This 15,000-square-foot, single-story constructing in a shopping mall in South Bronx was in-built 1937. The constructing was delivered vacant, and the proprietor has plans to redevelop it to incorporate new flooring of retail area.

Purchaser: 5 Boro Actual Property Companions

Vendor: The Jackson Group

Dealer: Steve Lorenzo of Lee & Associates NYC

$6.25 MILLION

52 Stone Avenue (between Hanover Sq. and Broad Avenue)

Manhattan

This four-story, 8,162-square-foot constructing within the monetary district has three free-market residences — two two-bedrooms and one three-bedroom — and a ground-floor bar, Stone Avenue Tavern.

Purchaser: Ronan Downs

Vendor: Goldman Properties

Brokers: Marc Palermo and Louis Puopolo of Douglas Elliman

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