Recent Commercial Real Estate Transactions

Latest Industrial Actual Property Transactions

$1.2 MILLION

287 Court docket Avenue (between Douglass and Degraw Streets)

Brooklyn

In-built 1931, this three-story, 2,688-square-foot constructing in Cobble Hill has one ground-floor business unit and one rent-stabilized three-bedroom duplex residence on the higher flooring. The business unit was beforehand occupied by Seoul Tailors, however was delivered vacant together with the residence.

Purchaser: The Yao household

Vendor: The Smith household

Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates and Daniel Shawah of Bestreich Realty Group

$1.825 MILLION

431 DeKalb Avenue (at Classon Avenue)

Brooklyn

This four-story, 8,000-square-foot constructing in Bedford Stuyvesant was in-built 1905 and has two business models and 6 rent-stabilized three-bedroom flats. A grocer occupies one of many retail areas. The opposite business unit and two flats had been vacant on the time of the sale. The property was final bought in 1984 and contains two parking areas.

Purchaser: 431 DeKalb

Vendor: The Cascetta household

Brokers: Josh Lipton and Andrew Levine of Invictus Property Advisors

$13.195 MILLION

1737 Pilgrim Avenue (at Westchester Avenue)

The Bronx

In-built 1929, this five-story, 50,855-square foot constructing in Pelham Bay has two business models and 65 flats: 48 one-bedrooms, 15 two-bedrooms, one studio and a superintendent’s unit. Fifty-one flats are rent-stabilized, one is rent-controlled and 13 are free market. A laundromat and a printing firm occupy the retail areas, and the constructing is absolutely occupied. The property additionally features a courtyard.

Vendor: Tered Realty 1737-39 Pilgrim L.L.C.

Brokers: Marco Lala, Jack Lala, Michelle Lala and David Raciti of RM Friedland

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