A wave of real estate sales hits NYC before the end of the year


836 Broadway, 72-79 Warren Street, 82-89 West Broadway, 1124 First Avenue, 290 Dyckman Street and 2957 Shell Road (Google Maps)

UPDATE January 7, 2021, 11:30 a.m.: The end of the year is a time for the family. And for some families, that meant doing business.

A host of independent family businesses accounted for last week’s investment sales in the $10 million to $40 million range, with Manhattan properties the most popular among middle-market buyers.

The Central Borough captured most of the 17 deals last week — a strong performance as the fiscal calendar turned around — while Brooklyn had seven and Queens and the Bronx each had one.

Purchases totaled $320 million, surpassing previous weeks’ totals by about a quarter. Here are the details.

1. Bobby Zar’s ZG Capital closed on a historic 81,000 square foot office building at 836 Broadway in Greenwich Village for $39.25 million. The seller, Hyde Park Antiques, had been under contract with ZG since October. The building was last traded in 1986. The site originally housed James Roosevelt, great-uncle of President Theodore Roosevelt. The Roosevelts sold the property in 1921.

2. Shai Shamir’s 6R Capital Realty has purchased a portfolio of mixed-use buildings and parking at 72-79 Warren Street and 82-89 West Broadway in Tribeca for $36.1 million. Mark Jaffe of Jaffe Real Estate was the seller. His mother, Martha Jaffee, purchased the properties in 1969.

3. The owner of self-storage StorageMart bought a 65,000 square foot building at 1124 First Avenue in Lenox Hill for $34.1 million and a 34,570 square foot building at 290 Dyckman Street in Inwood for $20.6 millions of dollars. The sales were part of a $3 billion deal to acquire Manhattan Mini Storage from Edison Properties.

4. Appliance seller Elie Fouerti has bought a 71,000 square foot development site at 2957 Shell Road in Coney Island for $26.2 million. The seller was Robert Hoffman. Fouerti filed plans in December to construct a 223,300 square foot mixed-use building on the site.

5. Triumph Hotels Group has sold a 28,500 square foot homeless shelter at 141 West 144th Street in Harlem for $23 million. The buyer was an anonymous LLC.

6. RXR Realty and LBA Logistics have purchased adjacent development parcels covering 181,000 square feet at 726 and 730 Court Street and 139 Bryant Street in Red Hook for $19.5 million. The sale is part of a $123 million deal with Houston-based logistics firm Buckeye Partners for approximately 760,000 square feet of real estate.

7. A subsidiary of the Omnia Group has purchased a 9,600 square foot adult care center at 183 Chrystie Street on the Lower East Side for $19.5 million. The seller was Joel Fishkind through Fishkind & Company Limited. Omnia’s offices are located next door at 187 Chrystie Street.

8. Gazit Horizons, a subsidiary of Israeli company Gazit Globe, has purchased a 20,000 square foot retail and office building at 555 5th Avenue in Park Slope, Brooklyn, for $17.25 million. Botsaris Morris Realty Group was the seller.

9. Benchmark Real Estate Group has purchased a 7,670 square foot retail building at 818 Madison Avenue in Lenox Hill for $17 million. The seller was a family trust.

10. Arctrust Properties has purchased a 29,800 square foot office building at 2244 Westchester Avenue in Westchester Village, Bronx for $16.1 million. The sale included two adjacent parking lots. Ponce Bank was the seller.

11. Nonprofit housing provider Westhab has purchased a 32,000 square foot building at 138-50 Queens Boulevard in Briarwood, Queens, for $15.9 million. The United Service Workers Union sold the property, which was established as a homeless shelter site in 2020 by the Department of Homeless Services.

12. Stuart Berg of Tremada Holdings bought 30 co-op units at 790 Riverside Drive in Washington Heights for $12.9 million. Goldmont Realty was the seller.

13. Dax Real Estate has purchased a 12,500 square foot mixed-use building at 235 and 237 Kent Avenue in Williamsburg for $12.25 million. The sellers were limited liability companies Hancock Realty, 467 C Group and 750 Nostrand Group.

14. Penn South Capital has purchased a 12,300 square foot apartment building at 164 and 166 East 7th Street in the East Village for $11.5 million. The Herrick family was the seller.

15. A subsidiary of Bridges Development Group has purchased a 290,000 square foot shopping center at 1608 Shore Parkway in Gravesend, Brooklyn, for $11 million. Maria Cirillo sold the property.

16. Jonathan Wiener’s Chestnut Holdings bought a 38,500 square foot apartment building at 390 Hooper Street in Williamsburg for $10.5 million. Luisa Realty was the seller.

17. The Haimof Group has sold a 30,700 square foot apartment building at 409 and 413 Broadway in Williamsburg for $10.5 million. Yocheved Perlstein was the buyer.

This article has been updated to reflect a more recent valuation of 836 Broadway Avenue, by ZG Capital. City records estimate the square footage at 56,827.

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