Dealmaking slows in NYC s investment sales market
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Multifamily Keeps New York City Investment Sales Humming
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1240 Morrison Avenue in Soundview, 1769 86th Street in Bensonhurst and 73-99 Empire Boulevard in Crown Heights (Google Maps)
Alex Adjmi’s A&H Acquisitions bought a Crown Heights warehouse, one of eight mid-market investment sales in the city last week.
Adjmi who received a presidential pardon on Donald Trump’s last day in office in January paid $15 million for the complex.
Overall, the eight deals in the city totaled $127 million, and included three industrial complexes and two multifamily buildings. The total was far higher than the previous week’s $90 million for four properties. Mid-market deals cover investment sales between $10 million and $30 million.