Newly founded investment firm makes its first NYC purchase; GreyHill Group gets dramatic with historic upstate property acquisition and; Thor sells midtown office condo for $10.75 million.
ON THE SCENE: Latest middle market sales | Real Estate Weekly rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
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Barry Rudofsky’s Bronstein Properties has sold an 80-unit
Jackson Heights apartment building for $12 million.
Marcus & Millichap brokered the sale of Jackson Heights
80, situated at 35-25 95th Street in Queens, NY, two blocks from the 7-Line
Subway.
Joe Koicim, Peter Von Der Ahe, Dylan Walsh and Shaun Riney represented
the seller and the buyer, Victor Sismanoglou.
“These buildings received immediate interest for their location, competitive pricing, and overall quality of management. We were able to identify a buyer in less than 60 days of marketing and achieve a sale price of less than percent off the asking price,” said Walsh.
ON THE SCENE: Latest middle market sales, exclusives rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
••• LRC Properties has purchased 4926 Southridge Blvd. in Memphis. The 640,000 s/f building, also known as the Technicolor Building, is LRC Properties’ first property in the Memphis, TN, marketplace.
Brian Califf of
NAI Saig Company brokered the sale. LRC Properties owns approximately four million square feet of commercial properties in the Southeast.
ANDREW LICHTENSTEIN ••• LichtensteinRE announced the sale of Congers Colonial Plaza Shopping Center located at 285 North Route 303 in Congers, New York, for $4 million.
Andrew Lichtenstein represented the seller and negotiated a 4% fixed rate interest only 60% $2,400,000 loan to purchase price first mortgage. The buyer invested $1,600,000 from his 1031 exchange. Built in 1997, the shopping center contains 15 stores plus nine interior enclosed garage/warehouse/storage spaces with 6.5 ft. overhead doors in the rear. The property was 67% occupied at closing. Situated close to the intersection of Routes 303 and