Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

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$1.74 MILLION

1955 and 1957 Lurting Avenue (between Neill and Rhinelander Avenues)

The Bronx

These two apartment buildings in the Morris Park neighborhood were built in 1925. The buildings total 8,500 square feet and have six one-bedroom apartments and four two-bedroom apartments, all of which are occupied.

Buyer: Lurting Avenue Associates

Seller: S&C Management

Seller’s Brokers: Robert Shapiro, Jonathan Squires and Michael Fioravanti of Cushman & Wakefield

$900/SQ. FT.

$85,000 approximate annual rent

237 West 15th Street (between Seventh and Eighth Avenues)

Manhattan

Arisa Hair signed a 10-year lease to open a salon in this building in Chelsea. The shop is on the ground floor of a 14-unit co-op that was built in 1905. The spot was previously occupied by Valley Nail Salon.

Tenant: Arisa Hair

Tenant’s Broker: Yossi Capland at Compass

Landlord: 237 West 15th Street Owners Corporation

Landlord’s Broker: Yossi Capland at Compass

$29.5 MILLION

6201 15th Avenue (at 62nd Street)

Brooklyn

This 151,000-square-foot four-story office building is in Bensonhurst. The building was initially purchased it in 1988 and was most recently renovated in 2010. It includes an 8,400-square-foot parking lot with space for 40 vehicles.

Buyer: Shiya Labin

Seller: American Stock Transfer & Trust Company

Brokers: Ofer Cohen, Dan Marks, Daniel Lebor and Adam Tannenbaum of TerraCRG

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