Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.

By Sophia June

Recent Sale

$1.3 MILLION

1524-1526 Mayflower Avenue (at Wellman Avenue)

The Bronx

This 6,600-square-foot, three-story building in Pelham Bay has a commercial space occupied by a deli, two offices, two apartments (a four-bedroom and a three-bedroom), two garages and a parking lot. It was built in 1931.

Buyer: Akija Lajqi

Seller: AJ Partners

Seller’s Brokers: Jonathan Squires and Michael Fioravanti of Cushman & Wakefield

Recent Lease

$50/SQ. FT.

$135,000 approximate annual rent

816 Washington Avenue (at St. Johns Place)

Brooklyn

The founders of the ice cream company Ample Hills are leasing 2,700 square feet in this Prospect Heights building for their next venture, an ice cream shop and production space called the Social. The shop will open on the first floor and partial lower level of this five-story building, which was built in 2018.

Tenants: Jackie Cuscuna and Brian Smith

Tenants’ Broker: Peter Schubert of TerraCRG

Landlord: ELH Management

Landlord’s Broker: Timothy D. King of SVN CPEX Real Estate

For Sale

$13.8 MILLION

59-61 West 70th Street (between Columbus Avenue and Central Park West)

Manhattan

These adjoining five-story buildings on the Upper West Side, with a connected garden area and penthouse additions, were constructed in 1890 and 1891. Each is divided into five floor-through apartments, for a total of two two-bedroom duplexes with basement recreation rooms, six three-bedrooms and two four-bedrooms with terraces.

Seller: B.B.I.G.

Brokers: Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin and Braedon Gait of JLL Capital Markets

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