SALES
Schuckman Realty announced the sale of a 3,640 s/f mixed-use building, consisting of two residential apartments above 1,800 s/f of commercial space on the lower level. The Schuckman team was led by
Joseph Rosenfeld. Located at 92-03 Jamaica Avenue (pictured top) the property sold for $1,690,000 or ($464 psf). The seller was Urbanistica LLC, and the buyer was AJ Building Group, LLC. Rosenfeld identified properties that would qualify the buyer to take advantage of the SBA small business loans which are available, resulting in the successful relocation of a business and outright purchase of a new location.
DEREK BESTREICH Bestreich Realty Group (BRG) announced the following sales:
Share via Shortlink
Clockwise from left: Brookfield Property Partners CEO Brian Kingston, 845 East 136th Street in the Bronx, 1010 Bedford Avenue and 120 Evergreen Avenue in Brooklyn (Google Maps; Brookfield)
The uptick in middle-market investment sales activity in the city continued last week. Six deals involving industrial and residential buildings tallied $98.9 million. It was the third week in a row that more than $97 million in transactions were recorded across the five boroughs. The deals are all between $10 million and $30 million each.
On the list last week was Brookfield Property Partners, which bought in the Bronx. Facing financial woes, All Year Management sold in Brooklyn. Brookland Capital, which has been liquidating its assets, also sold a property in the borough.