Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate
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$13 MILLION

96-41 Queens Boulevard (at 63rd Drive)

Queens

This 9,000-square-foot building in Rego Park is divided into four retail suites. Chic’s Place, a women’s clothing boutique, occupies 4,000 square feet, and the remaining 5,000 square feet are evenly divided among Paris Baguette, Dunkin’ Donuts and Rouge Nails. Directly in front of the building, which has a basement, is an entrance to the 63rd Drive subway station on the M and R lines.

Buyer: Richlen

Seller: Queens 4 Stores

Broker: Michael Kook

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Fabrique Bakery of Sweden has opened its first American location in Chelsea.CreditCushman and Wakefield

$165/SQ. FT.

$264,000 approximate annual rent

348 West 14th Street (between Eighth and Ninth Avenues)

Manhattan

Last month, Fabrique Bakery of Sweden opened its first American location on the ground floor of this commercial building in Chelsea. The bakery occupies 1,600 square feet and has some basement storage. The company, known for its sourdough bread and cinnamon buns, has about 20 locations in Stockholm and London.

Tenant: Fabrique Bakery

Tenant’s Brokers: Wes Rudes of Cushman and Wakefield and Elyse Schindler-Candella of Hill Property Partners

Landlord: RWN Management

Landlord’s Broker: Chris Owles of Sinvin Realty

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This mixed-use building at 128 Willis Avenue in the Mott Haven neighborhood of Queens is in an opportunity zone.CreditR.M. Friedland

$2.295 MILLION

128 Willis Avenue (between Bruckner Boulevard and East 134th Street)

The Bronx

This five-floor building in Mott Haven has one ground-floor retail space and two walk-up apartments on each of the subsequent floors. The building, which is in an opportunity zone, is adjacent to the ramp that connects the Willis Avenue Bridge with Interstate 87, making it possible for a future owner to erect a profitable rooftop billboard.

Seller: GMC Properties

Brokers: Marco Lala, Jack Lala, Dave Raciti and Michelle Lala of R.M. Friedland

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