Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate
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$150/SQ. FT.

$180,000 approximate annual rent

630 Hudson Street (between Horatio and Jane Streets)

Manhattan

Lavaux, a Swiss fondue restaurant, has signed a 15-year lease for the ground floor of this mixed-use building in the West Village. The owners run several vineyards in Switzerland, and this will be their first venture in the United States. The restaurant will occupy 1,200 square feet on the ground floor and 1,000 in the basement. The building has six apartments on three floors above the restaurant.

Tenant: Lavaux

Tenant’s Brokers: Jesse Smith and Frederik Six of Murro Realty

Landlord: 630 Hudson

Landlord’s Brokers: Arthur Maglio, Corey Shuster and Diana Zisholtz of Douglas Elliman

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A prewar building with six apartments at 1526 West Fourth Street in Bensonhurst was sold for $1.25 million.CreditMarcus & Millichap

$1.25 MILLION

1526 West Fourth Street (between Avenues O and P)

Brooklyn

This prewar apartment building in Bensonhurst has six units on three floors and a basement for storage. One of the apartments is a one-bedroom, and the rest are two-bedrooms. All of the units are rent stabilized.

Buyer: 1526 West 4th Street Realty

Seller: 1526 West 4th Street

Brokers: John Brennan and Samuel Finkler of Marcus & Millichap

$4 MILLION

50 Clinton Street (between Stanton and Rivington Streets)

Manhattan

A 1,780-square-foot retail condo on the ground floor of this luxury residential tower on the Lower East Side has 67 feet of frontage along Clinton Street. The building, which was completed in 2017, is in an opportunity zone.

Seller: Manocherian family

Brokers: Robert Burton, Bobby Carrozzo, Olivia Faria, Michael DeCheser, Mei Ling Wong, Andrew Berry and Bryan Hurley of Cushman and Wakefield

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