Recent Commercial Real Estate Transactions


$9.5 MILLION

159 West 23rd Street (between Avenue of the Americas and Seventh Avenue)

Manhattan

This five-story, 8,950-square-foot building in Chelsea has six apartments and two retail spaces. Three of the apartments are rent-regulated. Both retail spaces and one apartment are vacant.

Seller: 159 West 23rd L.L.C.

Brokers: Matt Fotis, Colton Traynham and Leonard Pisano of Marcus & Millichap

$20/SQ. FT.

$660,000 approximate annual rent

113-25 14th Avenue (at 114th Street)

Queens

This 33,000-square-foot industrial warehouse in College Point features a private parking lot and a double-level ground floor, with an interior loading dock on the upper ground floor and two overhead doors on the lower ground floor.

Landlord: KBH NY Realty

Broker: Matthew McMullen of Greiner-Maltz Real Estate

$11.25 MILLION

1400 Benson Street (at Lane Avenue)

The Bronx

Built in 1925, this 55,272-square-foot, six-story building in the Westchester Square neighborhood contains 58 apartments and six retail spaces, plus a basement. All of the apartments — 50 of them rent-stabilized — and retail spaces are occupied. The building was the first real estate development by the Rudin family, which oversees one of the largest privately owned real estate companies in New York.

Seller: Rudin Management

Buyer: Michael Gontar

Brokers: Jonathan Squires, Joshua King, Eric Roth, Michael Fioravanti and Robert Shapiro of Cushman & Wakefield



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