Recent Commercial Real Estate Transactions

ImageThis five-story building in the Concourse neighborhood of the Bronx has 41 rent-stabilized apartments.
Credit…NYM Group at Marcus & Millichap

Recent Sale


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


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


71-57 161st Street (between 71st and 72nd Avenues)


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


52 Greene Street (between Grand and Broome Streets)


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