Recent Commercial Real Estate Transactions

Recent Sale


25-98 36th Street (at 28th Avenue)


This 50,910-square-foot, six-story residential building in the Astoria neighborhood was built in 1931. The building contains an elevator and 59 units, including 58 one-bedroom units and one-three bedroom unit. Some apartments are available for market rate while others are rent-regulated.

Buyer: Global One Real Estate Fund II (through Nelson Management Group)

Seller: Andrew Latos, executor of the estate of John Xikis

Seller’s Broker: Ted Mastakouris of Iron Castle Group

Recent Sale


660 Fulton Street (Between Lafayette Avenue and South Elliott Place)


Built in 1930, this two-story building in the Fort Greene neighborhood contains two commercial units, both vacant. The ground floor was home to Frank’s Cocktail Lounge, and the second floor was used as office space. The property last changed hands in 2001.

Buyers: Sean Lefkovits and David Lloyd of Davean Holdings

Buyer’s Broker: Bestreich Realty Group

Seller: The estate of Ruby Perkins

Seller’s Broker: Bestreich Realty Group

For Sale


60 West 91st Street (between Central Park West and Columbus Avenue)


Built in 1900, this five-story, 5,780-square-foot building on the Upper West Side has nine one-bedroom apartments. It will be delivered nearly vacant, with a path to vacancy. The property is being sold under a reorganization plan in a Chapter 11 bankruptcy. It was last renovated in 1987.

Seller: WW L.L.C.
Brokers: Greg Corbin and Aaron Kline at Rosewood Realty

Source: Read Full Article