January 24, 2022

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Current Business Actual Property Transactions

Recent Commercial Real Estate Transactions

$4 MILLION

50 West twenty seventh Road (between Avenue of the Americas and Broadway)

Manhattan

In-built 1915, this four-story, 5,181-square-foot constructing in Midtown features a ground-floor retail house and three floor-through workplace lofts. All models had been delivered vacant.

Purchaser: Asim Rashid

Vendor: Arnold Morak Property

Dealer: Tom Brady of Douglas Elliman

Credit score…BOND New York Properties

$38.50/SQ. FT.

$207,130 approximate annual lease

146 West twenty ninth Road (between Avenue of the Americas and Seventh Avenue)

Manhattan

Uriu Nuance, an inside design and end firm, signed a five-year lease for five,380 sq. ft of workplace house on the sixth flooring of the India Constructing in Midtown. The earlier tenant, ABC Language Alternate, occupied the house for 10 years earlier than shutting down throughout the pandemic.

Tenant: Uriu Nuance

Tenant’s Dealer: James Brennan of Bond New York Properties

Landlord: Teresharan

Credit score…Compass

$1.5 MILLION

33 Water Road (between Bay and Entrance Streets)

Staten Island

This 12,750-square-foot growth web site within the Stapleton Heights neighborhood is a plot of land that may be developed right into a mixed-use or residential property. When the property’s present proprietor purchased the house in 2018, the positioning hosted a constructing with flats above a live-jazz bar.

Vendor: LiBVentures

Brokers: Adelaide Polsinelli and Jake Rosen of Compass

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