Mon. Jul 4th, 2022


The Real News Network

Recent Commercial Real Estate Transactions

2 min read

Recent Sale


848 East 43rd Street (between Glenwood Road and Avenue H)


This 29,500-square-foot industrial lot in the East Flatbush neighborhood consists of a 17,500-square-foot one-story industrial building built in 1960 and a 12,000-square-foot gated yard. The property, which was used as a heating equipment manufacturing site, was delivered vacant.

Buyer: Breuckelen 1653

Seller: Rubicon Industries

Brokers: Dan Marks, Daniel Lebor and Robert Finnerty of TerraCRG

Recent Sale

$11.85 MILLION

348 Atlantic Avenue (at Hoyt Street)

336 State Street/75 Hoyt Street (at Hoyt Street)


This package contains two buildings in Boerum Hill. Built in 1910, the four-story, 6,600-square-foot building at 348 Atlantic has six four-bedroom apartments and two commercial spaces, one of which is occupied by a deli. The other building is 5,200 square feet and was built in 1920. It is divided into a three-story building at 336 State Street and two-story building 75 Hoyt Street. It has three five-bedroom apartments and one three-bedroom apartment, all occupied, and three commercial spaces, leased by Grand Army, Oaxaca Taqueria and Little Sweet Cafe.

Buyers: Mark Winter-Gitelson and Alexandre de Montebello of the Cofinance Group

Seller: The Hidary family of Hidrock Properties

Brokers: Lev Mavashev and Daniel Aminov of Alpha Realty

For Sale


7127-7129 Fifth Avenue (between Ovington Avenue and 72nd Street)


This four-story, 9,600 square-foot building in the Bay Ridge neighborhood was built in 1904 and comprises 14 one-bedroom apartments, 13 of which are rent-stabilized, and two commercial spaces, occupied by a jewelry store and a physical therapist’s office.

Seller: Peter Lambropoulos

Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring and Azem Kajoshaj of Bestreich Realty Group

Source: Read Full Article