Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate
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$5.7 MILLION

162 Montague Street (between Clinton and Henry Streets)

Brooklyn

Built in 1900, this mixed-use building in Brooklyn Heights has 7,115 total square feet, with an additional 20,000 square feet of air rights. The property has two retail tenants, which will remain in the space; vacant office space on the second floor; and unoccupied residential units on the third, fourth and fifth floors, which are not rent stabilized. The building also has a basement.

Buyer: Conway Capital

Sellers: Albin and Linda Javarone

Brokers: Robert Hebron IV and Rob Hebron V

Image
CreditCoStar

$65/SQ. FT.

$4.59 million/year

360 Madison Avenue (between East 45th and East 46th Streets)

Manhattan

The Carlton Group, an international real estate investment banking firm based in New York, signed a five-year lease for a 5,894-square-foot office space in Midtown Manhattan, with a five-year extension option. The firm will rent a portion of the third floor. The 26-story building was built in 1917, and was gutted and rebuilt in 2002.

Tenant: The Carlton Group

Tenant’s Brokers: Peter Goldich and William Carr of Atco Brokerage Services

Landlord: Stawski Partners

Landlord’s Brokers: Ed Goldman and Jared London of CBRE

Image
CreditAndrew Stern

$10.75 MILLION

36 Walker Street (between Church Street and Broadway)

Manhattan

This six-story, 1915 commercial building in Tribeca has 8,600 square feet, including a basement, and an additional 2,736 square feet in unused air rights. One commercial tenant occupies the building, but the property will be delivered vacant. The building can be developed for commercial or residential use, and there are no residential rent regulations.

Seller: 36 Walker Street Properties

Broker: Barbara Dansker of Marcus & Millichap

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