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Recent Commercial Real Estate Transactions

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$6.6 MILLION

26-34 Sherman Avenue (between Broadway and Arden Street)

Manhattan

Built in 1928, this 10,000-square-foot building in the Fort George neighborhood has been owned by the same family since 1976. The single-story building has a basement and was last used as a medical facility by New York State. The building has approximately 50,000 square feet of air rights, and the new buyer plans to replace it with a mixed-use building with 40,000 square feet of residential space and 10,000 square feet of commercial space.

Buyer: Yochonon Twersky

Seller: 30 Sherman Ave Realty

Brokers: Brian Whelan, DJ Johnston and Alexandra Curtin of B6 Real Estate Advisors

$4.7 MILLION

320 West 22nd Street (between 8th and 9th Avenues)

Manhattan

Built in 1900, this five-story, 8,000-square-foot residential building in Chelsea has 11 one-bedroom apartments and four studios; six are vacant and four are rent-stabilized. The building last changed hands more than 20 years ago.

Buyer: Two Kings Real Estate

Seller: Third Old New York

Brokers: Danny Handweiler, Joe Koicim, Logan Markley and Peter Von Der Ahe of Marcus & Millichap

$12 MILLION

53-05 37th Avenue (between Woodside Avenue and 54th Street)

Queens

Built in 1947, this two-story industrial building in Woodside features two overhead drive-ins, an interior loading platform and a mezzanine, totaling 29,890 square feet. Most of the space is on the ground floor, while the 4,557 square feet of the second floor can be used for offices. The building also includes a 2,000-square-foot yard.

Seller: Nomcar Realty

Brokers: Kosta Alafoyiannis and Michail Piskun of Greiner-Maltz Real Estate


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