Recent Commercial Real Estate Transactions
Recent commercial real estate transactions in New York.
By Sophia June
1524-1526 Mayflower Avenue (at Wellman Avenue)
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
$135,000 approximate annual rent
816 Washington Avenue (at St. Johns Place)
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
59-61 West 70th Street (between Columbus Avenue and Central Park West)
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.
Brokers: Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin and Braedon Gait of JLL Capital Markets
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