🏆Commercial: The top commercial deal recorded today was along a retail corridor in North Williamsburg. A one-story building at 61-63 North 6th Street traded hands for $31.6 million. The buyer was a company tied to City Urban Realty, and the seller was 59 North 6th Street LLC, which had filed for bankruptcy in 2023 and is tied to Rehan Perveez. The seller had owned the property for decades.
📊 Four neighboring multifamily properties – all five-story walk-ups – in Yorkville were transferred to a company in a deal that values the properties at $19.8 million. Teal Holding Corp., Alysse Jinete, Arlene Lestingi and Jarrod and Gerald Musano transferred 323-329 East 92nd Street into a company tied to real estate management firm Liberty Enterprises, Inc., which is run by the Musanos.
📊 A company connected to Palestra Properties offloaded a two-story office building at 1435 86th Street in Bensonhurst, currently the site of a dialysis center, for $10.2 million. The buyer is a company tied to Nashville-based Ironside Realty, which specializes in retail real estate. The property spans 21,500 square feet and dates to 2007. James McMahon and Richard Guarino of Friedman-Roth Retail Services LLC had the listing.
📊 The Sisters of the Divine Compassion parted with 2780 Schurz Avenue in Throgs Neck, home of Preston High School, for $8.5 million. The buyer of the four-story property was Bally’s Foundation North America, Inc. The purchase allows the high school, which had been on the brink of closure due to declining enrollment and funds, to remain open, as Bally’s will lease the building back to the nuns for $1 a year for a 25-year lease. The nuns opened the Catholic school in 1947. The building was once the home of railroad magnate Collis P. Huntington.
📊 A sponsor commercial condominium at Eric Schlagman’s 50 Hudson Street – also known as One Duane Park – in Tribeca sold for $7.8 million. The deal works out to $2,262 per square foot. The buyer was GLT Hudson Holdings LLC, which also recently acquired another commercial condo in the building for $4.4 million.
