Recent Commercial Real Estate Transactions


1652 Norman Street (between Cypress and Wyckoff Avenues)


This three-story, 3,780-square-foot constructing in Ridgewood was inbuilt 1931. It has 5 free-market flats — one four-bedroom, two three-bedrooms and two two-bedrooms — and a storage. Three flats had been vacant on the time of the sale.

Buyer: Ronald Chua

Seller: George McBean

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


98 Forsyth Street (between Broome and Grand Streets)


Built in 1900 and renovated in 2005, this five-story, 12,800-square-foot constructing within the Bowery has 4 business models, one live-work space, three two-bedroom flats and a basement. With the exception of the live-work space, which is occupied by an artist, the constructing was delivered vacant.

Buyer: YYY Realty

Buyer’s Broker: Said Boukhalfa of Marcus & Millichap

Seller: 98 Forsyth Corporation

Seller’s Broker: Teddy Galligan of JLL


88 and 90 White Street (between Cortlandt Alley and Lafayette Street)


This website consists of two adjoining buildings in Chinatown. The five-story, 9,350-square-foot constructing at 88 White Street was inbuilt 1890 and has two business flooring; three two-bedroom, full-floor flats; and a basement. The third-floor condominium is occupied and rent-stabilized; the opposite areas shall be delivered vacant. The two-story, 10,500-square-foot constructing at 90 White Street was inbuilt 1915 and features a mezzanine degree. Its sole tenant, the Hugh O’Kane Electric Company, operated there for greater than 70 years. The constructing shall be delivered vacant.

Seller: 88/90 White St Corporation

Brokers: Stephen Dadourian and Jonathan Buerger of B6 Real Estate

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