October 20, 2021
Real Estate

Recent Commercial Real Estate Transactions

$2.9 MILLION

68 West 85th Street (between Columbus Avenue and Central Park West)

Manhattan

This five-story, 5,558-square-foot walk-up on the Upper West Side has nine apartments: eight studios and a one-bedroom apartment. Three of the apartments are rent-stabilized. The property also features a south-facing garden, a fourth-story outdoor space and a community roof deck.

Buyer: CJX Enterprises

Seller: Stout family

Brokers: Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin and Braedon Gait of JLL Capital Markets

$8.75 MILLION

2970 Third Avenue (at East 153rd Street)

The Bronx

This 15,000-square-foot, single-story building in a shopping center in South Bronx was built in 1937. The building was delivered vacant, and the owner has plans to redevelop it to include new floors of retail space.

Buyer: 5 Boro Real Estate Partners

Seller: The Jackson Group

Broker: Steve Lorenzo…

Read full article here: www.nytimes.com