Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate
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$9.6 MILLION

2474 Valentine Avenue (between East Fordham Road and East 188th Street)

The Bronx

This five-story walk-up in the Fordham Heights neighborhood was built in 1925 and has 54 apartments. One is a studio, 31 are one-bedrooms, 13 are two-bedrooms, eight are three-bedrooms and one is a four-bedroom unit. The selling price is more than 11 times the total rent roll. All of the apartments are rent stabilized.

Buyer: 2474 Valentine

Seller: 2474 Valentine Realty

Broker: Aaron Jungreis of Rosewood Realty Group

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The Egami Group is moving to the 10th floor of a 16-story building in the garment district.CreditThe Kaufman Organization

$45/SQ. FT.

$234,540 approximate annual rent

212 West 35th Street (between Seventh and Eighth Avenues)

Manhattan

The Egami Group, a marketing and communications agency, will move its headquarters 10 blocks north, to the 10th floor of a 16-story building in the garment district. The total space is 5,212 square feet, and the company signed a six-year lease. The building, constructed in 1924, is near Pennsylvania Station, and its owners plan to customize the space for their new tenant.

Tenant: The Egami Group

Tenant’s Brokers: Michale Gouygadosh and Abe Bose of Norman Bobrow

Landlord: The Kaufman Organization

Landlord’s Broker: Sam Stein of the Kaufman Organization

$17.995 MILLION

17 Prince Street (at Elizabeth Street)

Manhattan

This six-story walk-up in SoHo has 15 apartments and two commercial spaces. One of the commercial tenants is Café Habana, a neighborhood staple for Cuban and Mexican cuisine. The apartments are a mix of studios and one-bedrooms, and six are rent stabilized. The building is fully occupied.

Seller: 17 Prince

Brokers: John Florek and Jon Schwartz of Hakimian Properties

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