Natter and Fuchs of the Collaborative Group facilitate $6.5 million sale

Manhattan, NY Andrew Natter and Harold Fuchs of the Collaborative Group sold 48 Bedford St. The sale price was $6.5 million, or $650,000 per unit; equating to $970 per s/f.

This five-tory walk-up building is located in prime West Village on Bedford St. between Leroy St. and 7^th Ave. S. The fully deregulated building consists of 10 residential units. The purchaser bought a cash flowing asset in a great location and at a steep discount to the property’s last sale price.

The buyer, Zachary Hering & Tucker Shane of 33Equities, purchased the property in an all cash deal. 33 Equities is actively buying multifamily and mixed use deals. The seller, the Demler Family, had purchased the property in 2013 for $9.5 million.

Tags: Brokerage

Reprint

Previous Story Next Story

Olmstead Properties continues leasing momentum at 381 Park Ave. South with 9,946 s/f of new office leases

Manhattan, NY Olmstead Properties closed two new office leases totaling 9,946 s/f at 381 Park Ave. South, bringing leasing activity across its recently acquired 373 and 381 Park Ave. South properties

SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.

SL Green inks 34,564 s/f of leasing at 711 Third Ave.

NAI Long Island brokers sale of 2,500 s/f office for $680,000

Merrell of Island Associates sells 1,400 s/f medical office - $650,000

Merrell of Island Assocs. sells 1,400 s/f medical office

Mercor signs lease for 25,550 s/f at One World Trade Center

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

Phillips of Largo Real Estate Advisors arranges $24.7 million loan for 156-unit multi-family in Honeoye, N.Y.

Columns and Thought Leadership

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,