January 18, 2022

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Recent Commercial Real Estate Transactions

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, Recent Commercial Real Estate Transactions, The World Live Breaking News Coverage & Updates IN ENGLISH
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, Recent Commercial Real Estate Transactions, The World Live Breaking News Coverage & Updates IN ENGLISH
, Recent Commercial Real Estate Transactions, The World Live Breaking News Coverage & Updates IN ENGLISH

$1.85 MILLION

1363 Fulton Street (between Marcy Avenue and Verona Place)

Brooklyn

Built in 1910, this four-story, 4,000-square-foot building in Bedford-Stuyvesant has a street-level commercial unit and a two-bedroom apartment on each of the top three floors. Bklyn Caps, a hat and clothing store, occupies the retail space, and one apartment was vacant at the time of the sale.

Buyer: Remy Raisner

Seller: Michelle Adams

Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila and Sean Mashihi of Bestreich Realty Group

$7.3 MILLION

117 West 57th Street (between Avenue of the Americas and Seventh Avenue)

Manhattan

Built in 1920, this seven-story, 9,755-square-foot building in Midtown was sold for the first time in more than 80 years. It contains Angelo’s Pizza, a restaurant that occupies the first two floors and a basement, and eight apartments above. All of them are two-bedrooms, and four are rent-stabilized. All but two of the apartments were occupied at the time of the sale.

Buyer: Klosed Properties

Buyer’s Brokers: Hillel Horovitz and William Etheridge of Douglas Elliman Commercial

Seller: 117 West 57th Street Realty

$1.03 BILLION

441 Ninth Avenue (between West 34th and West 35th Streets)

Manhattan

Originally an eight-story warehouse built in 1962, this commercial tower in Midtown was converted to offices in 1983, and the sellers completed a 17-story addition in 2019. The building, Hudson Commons, contains 682,000 square feet of office space, about three-quarters of it occupied by Peloton, Lyft and three other tenants. It also has 16,000 square feet of retail space, including a cafe, In Common. Nearly every floor has 270 to 3,270 square feet of outdoor space, with 14 terraces. Hudson Commons has achieved LEED Platinum status, the U.S. Green Building Council’s highest energy efficiency rating.

Buyer: CommonWealth Partners

Sellers: Cove Property Group and the Baupost Group

Sellers’ Brokers: Darcy Stacom, William Shanahan, Doug Middleton and Alana Bassen of CBRE

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