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Brokerage
Posted: September 7, 2021
JLL Capital Markets closes $45.625m bulk sale of 111 units
New York, NY JLL Capital Markets completed the following:
- JLL Capital Markets closed the $45.625 million bulk sale of 111 condominium units at 100 West 93rd St., a 280-unit, 301,776 s/f residential condominium property with ground-floor retail on the Upper West Side, Manhattan. JLL also assisted with the financing for the buyer. JLL marketed the bulk package for the seller, ABC Properties; Aulder Capital acquired the condominium units. The JLL team representing the seller was led by chairman-NY investment sales Bob Knakal; managing directors Hall Oster, Paul Smadbeck, Jonathan Hageman; vice presidents George D’Ambrosio and Teddy Galligan, and associate Braedon Gait. The financing was led by senior managing director Max Herzog and vice president Marko Kazanjian.
- JLL completed the $8 million sale of a four-unit retail property at 1.66-42 Fresh Pond Rd. in Ridgewood, Queens. The JLL Capital Markets Investment Sales Advisory team representing the seller included Knakal; vice chairmen Stephen Palmese and Brendan Maddigan and managing directors Ethan Stanton, Michael Mazzara and Winfield Clifford.
- JLL completed the $7.5 million sale of the two-story mixed-use property at 135 Kent Ave. in Williamsburg, Brooklyn. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Maddigan, Stanton and director Steven Rutman.
- JLL Capital Markets has completed the $16 million sale of a mixed-use building at 333 Atlantic Ave. in Brooklyn. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Palmese and Maddigan, with Clifford, Mazzara and Stanton.
- JLL Capital Markets completed the $4 million sale of three contiguous tax lots in 255-259 Manhattan Ave. in East Williamsburg, Brooklyn. The assemblage consists of four lots totaling 4,500 s/f with 2,610 s/f of air rights and a combined 13,800 buildable s/f. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Maddigan, Stanton and Madigan.
- JLL completed a 48,000 s/f long-term sublease with Constellation Agency on behalf of Advance for the 21st floor of One World Trade Center in Lower Manhattan. Peter Riguardi, chairman and president of the New York tri-state region, and Joseph Messina and Steven Rotter, vice chairmen, with JLL represented Advance. Dale Schlather, executive vice chairman, and Greg Herman, director, with Cushman & Wakefield represented Constellation Agency.
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