Recent Commercial Real Estate Transactions



$1.35 MILLION

1652 Norman Street (between Cypress and Wyckoff Avenues)

Queens

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

$5.95 MILLION

98 Forsyth Street (between Broome and Grand Streets)

Manhattan

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

$22 MILLION

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

Manhattan

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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