Manhattan, NY CBRE completed the sale of 183 Madison Ave., a 19-story office building located in the Midtown South neighborhood. CBRE’s Darcy Stacom and Ryan Spector represented the sellers, Tishman Speyer and Cogswell Lee Development, in the transaction. APF Properties purchased the property for $222.5 million.
Queens, NY Co-developers F&T Group and SCG America has completed the $1.855 million sale of a commercial condominium purchased by Quontic Bank within office condominium building, Tangram Tower.
Brooklyn, NY According to Scott Barone, founder and president of Barone Management, a NY-based development, construction and investment company, the firm closed on its $37.5 million purchase of the former Angel Guardian Home in Dyker Heights from the Sisters of Mercy. The proposed development site is the largest to become available in the neighborhood in over 40 years and will yield much-needed housing for seniors and families as well as schools and other community facilities. Tim Sheehan of CBRE represented seller.