Here’s what the $10M-$30M NYC investment sales market looked like last week

Published on Thursday, August 22, 2019 | posted by Carolina Bergara

In the world of mid-market investment sales last week, two church-owned properties sell in Lenox Hill for almost $18 million and an office building in Midtown East went for a bit over $15 million. Here are the details: 

Two entities — at least one of which is linked to the Chehebar family — sold a one-story industrial property at 966-988 Alabama Avenue near Starrett City in Brooklyn for $10.7 million, property records show. They had owned the property since 2015, when it was acquired for $5.65 million. Pinnacle Realty’s David Junik and Nechama Liberow represented the seller and brought the buyer into the deal. . . .

Read more

Pfizer sells last piece of its Broadway Triangle site

Published on Thursday, January 05, 2017 | posted by Carolina Bergara

Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. . . .

Read more

Rabsky in talks to sign trampoline park at W'burg complex

Published on Wednesday, July 27, 2016 | posted by Carolina Bergara

Rabsky, one of Brooklyn’s most active developers, closed on the purchase of the 3.4-acre site at 101 Varick Avenue for $45 million last week. Display case manufacturer M. Fried recently vacated the site’s one-story, 92,000-square-foot building, which it had owned and occupied for 25 years. . . .

Read more