March 24, 2020

https://www.nytimes.com/2020/03/24/business/new-york-commercial-real-estate.html

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York. By Jaclyn Peiser

For Sale $5.3 MILLION

800 East 160th Street (at Union Avenue)

The Bronx

This 22,230-square-foot building in the Woodstock neighborhood was built in 1910 and renovated in 2001. The six-story building has two commercial spaces, both occupied by churches, and 26 apartments: six one-bedrooms, 15 two-bedrooms and five three-bedrooms. Three of the apartments are vacant. The building last changed hands in 2000.

Seller: Choshbo Realty

Brokers: Jonathan Squires and Josh Neustadter of Cushman & Wakefield

For Sale $35.68 MILLION

20 West 33rd Street (between Broadway and Fifth Avenue)

Manhattan

A 33,980-square-foot triplex on the top three floors of this 13-story building in Koreatown has an additional 5,180-square-foot rooftop space. The building was built in 1912 and was renovated in 2016. The

floors last changed ownership in 2015; Q4, a garment company, has a lease in place until 2024. Other businesses in the building include the National Postal Mail Handlers Union, DK Cosmetics and Xincon Home Health Care Services.

Seller: 20 West 33rd Street Property Owner

Brokers: Kelly Killoren Bensimon of the Holly Parker Team at Douglas Elliman, Marc Roman of Douglas Elliman Commercial and Trystan Polsinelli of 60 Guilders

Recent Sale $2.17 MILLION

187 Classon Avenue (between Park and Myrtle Avenues)

Brooklyn

Built in 1910, this 4,195-square-foot building in Bedford-Stuyvesant was renovated in 2015. The building has three floors and a basement. There are four apartments: one one-bedroom, one two-bedroom, one three-bedroom and one four-bedroom. The property last changed hands in 2015.

Buyer: The Zelik Family

Seller: The Orlofsky Family

Broker: Saadya Notik of Mavrik Property Group

Recent Lease $46.50/SQ. FT.

$74,400 approximate annual rent

126 Alexander Avenue (between Bruckner Boulevard and East 134th Street)

The Bronx

Ink Studio Tattoos, a tattoo parlor, signed a five-year lease for a 1,600-square-foot retail space in this four-story building in the Mott Haven neighborhood. The building, which has built in 1915, has five newly renovated apartments above the retail space. Alexander Antiques previously rented the facility.

Tenant: Ink Studio Tattoos

Landlord: Douglas Sitt

Broker: Andrew Roth of EXR Somerset