Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate


910, 918 and 928 Gerard Avenue (between East 161st and 164th Streets)

The Bronx

This three-building parcel contains 24 apartments over 28,260 square feet. The buildings are all three-floor walk-ups with two apartments on the ground floor and three each on the second and third floors. The complex is one block away from Yankee Stadium and has almost 71,000 buildable square feet over all. The new owner has taken over the existing leases in the buildings.

Buyer: Prana Investments

Seller: 910-918 Gerard Avenue and 928 Gerard Avenue Partners

Broker: Ryan Perkoski of RPR Ventures

The future site of a wine brewery from Hana Makgeolli at 201 Dupont Street in Brooklyn.CreditTerraCRG

$25.20/SQ. FT.

$63,000 approximate annual rent

201 Dupont Street (between Provost Street and McGuinness Boulevard)


Hana Makgeolli, a maker of Korean rice wine, has signed a 10-year lease to open a 2,500-square-foot brewery in this Greenpoint industrial district. The facility, which will occupy the entire stand-alone warehouse, is expected to open this summer, and the wine will be brewed, bottled and sold on site. There will also be a tasting room, and tours will be available.

Tenant: Hana Makgeolli

Tenant’s Brokers: Peter Schubert and Abbie Cheng of TerraCRG

Landlord: Dupont 201

Landlord’s Broker: David Sokolowski of Nest Seekers

This building at 98 Orchard Street on the Lower East Side of Manhattan has retail space on the ground floor and 15 apartments above.CreditRKF


98 Orchard Street (between Delancey and Broome Streets)


This five-floor building on the Lower East Side has a 1,250-square-foot retail space on the ground floor and 15 walk-up apartments. One apartment has two bedrooms, and the rest are studios and one-bedrooms. All have their own electric and gas meters, and those utilities are paid by the tenants.

Seller: 98 Orchard Street Realty

Brokers: Jeff Fishman, Gary Meese and Andrew Jacobs of RKF

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