Recent Sale
$5.15 MILLION
1166 Gerard Avenue (between McClellan Street and East 167th Street)
The Bronx
This 35,070-square-foot building in the Concourse neighborhood was built in 1926. A five-story building, it has 41 rented rent-stabilized apartments: 29 one-bedrooms, nine two-bedrooms and three three-bedrooms. It last changed hands nine years ago.
Buyer: Rick Herman
Seller: Martin Kirzner
Brokers: Peter Von Der Ahe, Seth Glasser, Michael Fusco and Isaac Lipton of New York Multifamily at Marcus & Millichap
Recent Sale
$23.7 MILLION
2407-2413 Third Avenue (between 134th Street and the Harlem River)
The Bronx
This vacant 39,426-square-foot building in Mott Haven was built in 1931. The previous tenants include Empanology, a Puerto Rican restaurant, and SouthBoX Gym. A five-story building, it last changed hands in 2016. RXR Realty plans to build a 25-story residential building on the property.
Buyer: RXR Realty
Seller: Somerset Partners
Recent Sale
$4.8 MILLION
71-57 161st Street (between 71st and 72nd Avenues)
Queens
Built in 2006, this 9,446-square-foot building in Pomonok has six floors and 11 occupied rent-stabilized apartments: 10 two-bedrooms with balconies and one three-bedroom with a large balcony and terrace space. It has approved plans to be converted to condominiums.
Buyer: Win Sun Enterprise
Seller: Farda & Zar
Seller’s Brokers: Stephen R. Preuss and Kevin Louie of Cushman & Wakefield
Recent Sale
$10.4 MILLION
52 Greene Street (between Grand and Broome Streets)
Manhattan
This 5,029-square-foot building in SoHo was built in 1926. It last changed hands in 1973. A three-story building, it has two office spaces and a ground-level retail space, which is occupied by Gandia Blasco, a furniture store. It has about 4,300 square feet of air rights.
Buyer: West Broadway Retail
Buyer’s Broker: Karina Sagiev of Evans Real Estate Investment
Seller: Joseph Lavelli/52 Green
Seller’s Brokers: Matt Fotis and Colton Traynham Marcus & Millichap