News: Brokerage

Friedman-Roth Realty closes Manhattan and Brooklyn deals totaling $13.04 million

Commercial real estate brokerage firm Friedman-Roth Realty Services arranged the following recent sales in Manhattan and Brooklyn totaling $13.04 million: * The sale of two adjacent four-story Midtown East walk-up buildings at 988 Second Ave. and 990 Second Ave. (between East 52nd and 53th St.) for $11.1 million. Jim Mann and Lily Ren of Friedman-Roth represented the private investor buyers and Richard Libbey of M.A. Salazar represented the sellers. Together, the 40-ft.-wide triple-net leased property features five residential apartments and a neighborhood sushi restaurant. This is the first sale of the 9,180 s/f mixed-use property since 1956, according to Mann. * In Brooklyn, the sale of a 7718 Fifth Ave. in Sunset Park for $990,000.The three story mixed-use building contains two residential units and a ground floor retail space that was delivered vacant at closing. Friedman-Roth managing partner George Niblock represented the seller and Ren represented the buyer. * In Manhattan, the sale of 422 West 160th St. in Washington Heights for $950,000. The four-unit brownstone contains 2,804 s/f of residential space. Friedman-Roth's Richard Guarino represented the seller and David Gerstel represented the buyer.
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