Recent Commercial Real Estate Transactions

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Recent Commercial Real Estate Transactions
Recent commercial real estate transactions in New York.
Sophia June and
- Published Jan. 12, 2021Updated Jan. 13, 2021, 10:45 a.m. ET

For Sale
$9.5 MILLION
159 West 23rd Street (between Avenue of the Americas and Seventh Avenue)
Manhattan
This five-story, 8,950-square-foot building in Chelsea has six apartments and two retail spaces. Three of the apartments are rent-regulated. Both retail spaces and one apartment are vacant.
Seller: 159 West 23rd L.L.C.
Brokers: Matt Fotis, Colton Traynham and Leonard Pisano of Marcus & Millichap
For Lease
$20/SQ. FT.
$660,000 approximate annual rent
113-25 14th Avenue (at 114th Street)
Queens
This 33,000-square-foot industrial warehouse in College Point features a private parking lot and a double-level ground floor, with an interior loading dock on the upper ground floor and two overhead doors on the lower ground floor.
Landlord: KBH NY Realty
Broker: Matthew McMullen of Greiner-Maltz Real Estate
Recent Sale
$11.25 MILLION
1400 Benson Street (at Lane Avenue)
The Bronx
Built in 1925, this 55,272-square-foot, six-story building in the Westchester Square neighborhood contains 58 apartments and six retail spaces, plus a basement. All of the apartments — 50 of them rent-stabilized — and retail spaces are occupied. The building was the first real estate development by the Rudin family, which oversees one of the largest privately owned real estate companies in New York.
Seller: Rudin Management
Buyer: Michael Gontar
Brokers: Jonathan Squires, Joshua King, Eric Roth, Michael Fioravanti and Robert Shapiro of Cushman & Wakefield
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