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.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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