Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate
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$3.25 MILLION

303 Bond Street (between Union and Sackett Streets)

Brooklyn

This unoccupied commercial warehouse is set up as a single retail unit with 3,600 square feet of retail space. The building is a single floor with no basement, and the property has 7,200 total buildable square feet.

Buyer: Pintchik Organization

Seller: GA-Hendrie Gowanus

Brokers: Jakub H. Nowak, Matthew Rosenzweig, Jesse Kay and Jason Grunberg of Marcus & Millichap

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The Esther A. and Joseph Klingenstein Fund is moving to the 14th floor of a Chelsea office building.CreditCushman & Wakefield

$55/SQ. FT.

$360,000 approximate annual rent

80 Eighth Avenue (between West 14th and 15th Streets)

Manhattan

The Esther A. and Joseph Klingenstein Fund is moving from 125 Park Avenue to a 6,566-square-foot space on the 14th floor of this 20-story Chelsea office building. The foundation focuses on education, early childhood development and neuroscience research. The new lease covers 10 years, and the space has views of the West Village and the meatpacking district, and a large conference room for board and donor meetings.

Tenant: The Esther A. and Joseph Klingenstein Fund

Tenant’s Brokers: Debra Wollens and David Lebenstein of Cushman & Wakefield

Landlord: Bet Eli

Landlord’s Broker: Matthew Mandell of GFP Real Estate

$6.195 MILLION

2480 Belmont Avenue (between East Fordham Road and East 189th Street)

The Bronx

A walk-up building with 22 apartments on four upper floors and six ground-floor retail spaces is for sale in the Bronx’s Little Italy neighborhood. The building is close to Fordham University, and the owners have been upgrading the apartments and focusing on renting more of them to students. The neighborhood has many other student housing complexes.

Seller: Sky Lake Real Estate Fund

Brokers: Marco Lala, Jack Lala, David Raciti and Michelle Lala of RM Friedland

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