Business

Recent Commercial Real Estate Transactions

Recent Sale

$4.85 MILLION

149 Franklin Street (between Java and India Streets)

Brooklyn

Built in 1931, this 8,312-square-foot, five-story building in Greenpoint contains six apartments and one retail space, which is vacant. Three apartments have one bedroom, and three have two bedrooms. Two of the apartments were delivered vacant.

Buyer: DAX Real Estate

Seller: 149 Franklin Street L.L.C.

Brokers: Michael Salvatico and Shaun Riney of Marcus & Millichap

For Sale

$15 MILLION

137-72 Northern Boulevard (between Union and Main Streets)

Queens

Built in 2015, this eight-story, 29,000-square-foot building in Flushing is home to a 30-room hotel, which includes a restaurant and rooftop bar. The hotel is self-managed, and the restaurant/bar is operational but can be delivered vacant.

Seller: Chon Property

Brokers: Julia Maksimova and David Workman of Keller Williams NYC

For Sale

$7.5 MILLION

156 West 88th Street (between Amsterdam and Columbus Avenues)

Manhattan

Built in 1893, this four-story building on the Upper West Side consists of a garden-level duplex and a triplex, which is vacant. There are 1,910 square feet of available air rights. The building last traded hands in 2011.

Seller: 156 West 88th Street L.L.C.

Brokers: Josh Lipton and Andrew Levine of Invictus Property Advisors

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