January 22, 2022

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Latest Industrial Actual Property Transactions

Recent Commercial Real Estate Transactions

$5.3 MILLION

68 Middagh Road (between Hicks and Henry Streets)

Brooklyn

This 9,156-square-foot, five-story residence constructing in Brooklyn Heights was inbuilt 1900 and has 11 flats: two studios and 9 two-bedrooms. 5 of the flats are rent-stabilized and two are vacant.

Purchaser: 177 Water Restricted Partnership

Vendor: 68 Middagh Road L.L.C.

Brokers: Michael Salvatico, Robbie Ferman and Shaun Riney of Marcus & Millichap

$27 MILLION

792 Sterling Place (between Rogers and Nostrand Avenues)

Brooklyn

Inbuilt 2009, this five-story, 61,000-square-foot constructing in Crown Heights has 82 flats: 30 studios, 34 one-bedrooms and 18 two-bedrooms, all of that are rent-stabilized. The constructing is totally occupied and features a laundry room, a health room and a parking zone with 58 areas.

Vendor: Sterling Place Condominium

Dealer: Lev Mavashev of Alpha Realty

$43.5 MILLION

251-73 Jericho Turnpike (at Little Neck Parkway)

Queens

This four-story, 80,102-square-foot constructing in Bellerose was inbuilt 2018 and has 16 business items. The constructing is 98 p.c leased, with anchor tenants that embrace Planet Health, Kids of America, Tiger Schulmann’s, SightMD, Northwell Well being and Finesse Dental Lab.

Vendor: Jericho Holdings

Brokers: Stephen R. Preuss, Kevin Schmitz, Kevin Louie and Andreas Efthymiou of Ripco Actual Property

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