Recent Commercial Real Estate Transactions
1070 Flatbush Avenue (at Cortelyou Road)
This 15,300-square-foot development site in Flatbush contains a 1930 building, which has a vacant ground-floor retail space previously occupied by a CVS Pharmacy. Zoning allows for the development of a building with apartments on the second floor.
Buyer: Horizon at Flatbush
Seller: Freda Realty
Brokers: Ofer Cohen, Daniel Lebor and Peter Matheos of TerraCRG
15 East 16th Street (between Fifth Avenue and Union Square West)
A 5,679-square-foot retail co-op in this 1908 building in Union Square is for sale. The co-op has 3,417 square feet on the street level, with a 319-square-foot mezzanine and a 1,943-square-foot lower level. It will be delivered vacant.
Seller: 15E16 L.L.C.
Broker: Adelaide Polsinelli of Compass
24 West 40th Street (between Fifth Avenue and Avenue of the Americas)
Loftex, a textile company, bought an 11,158-square-foot office condo in this 17-story building in Midtown. The office condo is on the fourth and fifth floors of the building, which was built in 1925.
Seller: Thor Equities
Brokers: Michael Rudder and Justin Harris of Rudder Property Group