ON STAGE: Recent sales in the middle market

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JLL Capital Markets announced the sale for $ 13.75 million of a light industry facility at 303 Smith St. in Farmingdale, New York (pictured above). JLL sold the property on behalf of a seller, Siegerman’s Furniture, who bought it from the New York Times, which used it to deliver newspapers, in 2003. 303 Smith St. located on four acres and less than two miles from the Long Island Expressway. The property includes 76,000 square meters of warehouse space and less than 20,000 square meters of office space. This multi-tenant property is 92% leased and is up to 24 feet high with two front doors, 10 rear gates, a freight elevator and ample parking. The seller undertook significant major renovations, including the installation of a solar panel and a new roof. JLL Capital Markets’ Merchant Team Lead Jose Cruz, Jordan Avanzato, Mark Duvall, Mike Kavanagh as well as Nick Stefans, together with Andrey Skandalios.

SEAN KELLY

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Ariel Real Estate Consultants arranged the $ 3.5 million sale of 597-601 Second Avenue, a three-story mixed-use building on 33rd Street in Keeps Bay. The sale was arranged Howard Raber, Sean Kelly as well as Jack Moran… The new residential building of 2,700 square meters consists of one retail and two residential units. The retail space is currently being leased to Dunkin ‘, and the Verizon cell tower on the building is generating additional income for the owner.

MICHAEL SHERMAN

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Michael Sherman, Founder Basic real estate consultants… announced the sale of a home at 143 North Seventh Street, Williamsburg, Brooklyn, for $ 1.95 million. Built in 1920, the three-story building includes 6500 bathrooms and accommodates eight one-room apartments. The buyer, LLC 143 N 7th H Street, was represented by Sherman. The seller, Z Port LLC, was represented by Trademarko Realty.

MORGAN AVENUE, 171

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Marcus and Millicap announced the sale of 171 Morgan Avenue, Brooklyn, a 10,000 sq. m., sold for 4,150,000 dollars. Jakub Novak, Jason Grunberg as well as Jason E. Moskowitz represented the seller and provided the buyer. The selling price is £ 415 per sq. Inch. Located in the North Brooklyn Industrial Business Zone on the corner of a busy street, the hotel has two large sliding gates and three middle gates. The property also has a 200-foot façade, 14-foot ceilings and was rented out empty at the time of closing.

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Franco Fellach, Executive Vice President HK Group, as well as Jacqueline Novotny, senior vice president CBRE, announced the sale of 468 Post Road East in Westport, Connecticut. The seller was B&D Properties, LLC and the buyer was P9 Holdings, LLC. The price was $ 1,275,000. Burke Construction arranged a leaseback sale. Two-storey office building with an area of ​​4593 sq. M., Built in 1987, includes a 200-foot facade on the Postal Road (US-1) and has been remodeled many times. It is located on 0.37 acre land located in the General Business District. The seller was represented by Fellah; Novotny, represented the buyer.

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Schuckman realty announced the sale of 47 Withers Street in Williamsburg, Brooklyn. The 5,000 square meter mixed-use building consists of six free market apartments and one retail unit on the ground floor. The property was sold for $ 4,085,000 or £ 817 per pound sterling. Joseph Rosenfeld as well as Baruch Edelkopf represented the seller.

SERSA STREET, 47

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