Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

This walk-up at 1033 Ocean Avenue in Flatbush, Brooklyn, sold for $4.26 million.Credit…Rosewood Realty Group


1033 Ocean Avenue (between Foster and Newkirk Avenues)

Flatbush, Brooklyn

A private investor bought this four-story 1931 walk-up built with 16 apartments — 10 two-bedrooms and six three-bedrooms. The 17,100-square-foot building sold for 14.33 times the rent roll, with a cap rate of 4.9 percent.

Buyer: 104 Pulaski St.

Seller: 1033 Ocean Owner

Brokers: Aaron Jungreis and Ilya Tolmasov, Rosewood Realty Group

$60/SQ. FT.

$337,500 approximate annual rent

30-32 West 24th Street (between Fifth Avenue and the Avenue of the Americas)


Sports Medicine at Chelsea, a practice of primary care and sports medicine specialists, has signed an 11-year lease in a 5,625-square-foot space on the second floor of this 12-story building in the Flatiron district. The practice is relocating from 22 West 21st Street.

Tenant: Sports Medicine at Chelsea

Landlord: Twenty Three R. P. Associates

Brokers: James Buslik, Alan Bonett and Bradley Cohn, Adams & Company


439-441 Henry Street (between Degraw and Kane Streets)

Cobble Hill, Brooklyn

This pair of mid-19th-century five-floor walk-ups in the Cobble Hill Historic District offers a total of 17 apartments, of which four are rent-stabilized and the rest are market rate. The building at No. 439 has a fifth-floor setback, and the first floor of each is below grade at the garden level. No. 439 features two three-bedroom apartments, each with a private garden, as well as six one-bedrooms, of which two have private terraces. No. 441 has seven one-bedrooms, a two-bedroom apartment that shares a garden with one of the one-bedrooms, and a three-bedroom with a private garden. The buildings have a total of 18,976 square feet, and offer a cap rate of 4.07 percent. They were once configured as a 54-room mansion that was home to members of the International Society of Krishna Consciousness, and before that served as a convent for a French order of nuns.

Seller: 439-441 Henry Street

Brokers: Matthew Fotis, Matthew Shapiro and Dylan Renicker, Marcus & Millichap

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