Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

- in Real Estate


530 West 136th Street (between Amsterdam Avenue and Broadway)


This 1926 six-story elevator building in West Harlem has 38 apartments — 19 four-bedrooms, 11 three-bedrooms and eight two-bedrooms — of which 32 are rent stabilized and six are market rate. The average apartment size is 950 square feet. A deli/grocery occupies 1,450 square feet on the ground floor. The 42,520-square-foot building, which offers a cap rate of 3.42 percent, has a net operating income of $584,751. The owner bought this building two years ago for $14.5 million.

Seller: Lucky Find Real Estate

Brokers: Josh Lipton and Andrew Levine, Invictus Property Advisors

A vacant building at 2065 Fulton Street in Bedford-Stuyvesant, Brooklyn, sold for $1.45 million.CreditSerge Sarkisian


2065 Fulton Street (between Rockaway Avenue and Mother Gaston Boulevard)

Bedford-Stuyvesant, Brooklyn

Private investors plan to renovate this vacant 4,000-square-foot four-story walk-up, which has three three-bedroom floor-through apartments and a ground-floor commercial space that was home to Armond’s Lounge.

Buyers: Emmanuel Hourizadeh and Raymond Nouvahian

Seller: Ernestine Stukes

Brokers: Steve Reynolds, Toby Waring and Derek Bestreich, Bestreich Realty Group

$58/SQ. FT.

$133,226 approximate annual rent

Nelson Tower

450 Seventh Avenue (between West 34th and 35th Streets)


A cryptocurrency trading, advisory and asset management firm has signed a three-year lease for a 2,297-square-foot office space on the third floor of this 46-story tower in the garment district. The lobby of the newly renovated 1930s building features a new lighting fixture by Design Republic swirling down from the ceiling. The tenant plans to move early next year from 140 Broadway in Lower Manhattan.

Tenant: Altonomy

Tenant’s Broker: Kenneth Beilin, Beilin Commercial Real Estate

Landlord: The Kaufman Organization

Landlord’s Representative: Sam Stein, the Kaufman Organization

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