Recent Commercial Real Estate Transactions
1652 Norman Road (between Cypress and Wyckoff Avenues)
This three-story, 3,780-square-foot constructing in Ridgewood was in-built 1931. It has 5 free-market residences — one four-bedroom, two three-bedrooms and two two-bedrooms — and a storage. Three residences have been vacant on the time of the sale.
Purchaser: Ronald Chua
Vendor: George McBean
Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds and Sean Mashihi of Bestreich Realty Group
98 Forsyth Road (between Broome and Grand Streets)
In-built 1900 and renovated in 2005, this five-story, 12,800-square-foot constructing within the Bowery has 4 industrial models, one live-work house, three two-bedroom residences and a basement. Except for the live-work house, which is occupied by an artist, the constructing was delivered vacant.
Purchaser: YYY Realty
Purchaser’s Dealer: Mentioned Boukhalfa of Marcus & Millichap
Vendor: 98 Forsyth Company
Vendor’s Dealer: Teddy Galligan of JLL
88 and 90 White Road (between Cortlandt Alley and Lafayette Road)
This web site consists of two adjoining buildings in Chinatown. The five-story, 9,350-square-foot constructing at 88 White Road was in-built 1890 and has two industrial flooring; three two-bedroom, full-floor residences; and a basement. The third-floor condominium is occupied and rent-stabilized; the opposite areas will likely be delivered vacant. The 2-story, 10,500-square-foot constructing at 90 White Road was in-built 1915 and features a mezzanine stage. Its sole tenant, the Hugh O’Kane Electrical Firm, operated there for greater than 70 years. The constructing will likely be delivered vacant.
Vendor: 88/90 White St Company
Brokers: Stephen Dadourian and Jonathan Buerger of B6 Actual Property