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BusinessRecent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

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$2.9 MILLION

266 Wyckoff Avenue (between Linden Street and Gates Avenue)

242 Jefferson Street (between Knickerbocker and Wilson Avenues)

Brooklyn

These two buildings in the Bushwick neighborhood total 8,543 square feet and were sold as a package in July. The one at 266 Wyckoff Avenue was built in 1920 and has four one-bedroom apartments, one two-bedroom apartment and a retail space occupied by a deli. The one at 242 Jefferson Street was built in 1931 and comprises six two-bedroom apartments, five of which are rent-stabilized. Both properties are three stories and were last sold in 1994.

Buyer: Joseph Jemal

Seller: Maria Coniglio

Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila and Sean Mashihi of Bestreich Realty Group

$100/SQ. FT.

$120,000 approximate annual rent

119 Fifth Avenue (at Sterling Place)

Brooklyn

The restaurant Harlem Shake signed a 10-year lease for 1,200 square feet in this 3,200-square-foot building in Park Slope as its second location. Harlem Shake will share the building, which was built in 1920, with M&C E-Bike II, a bicycle repair shop. The property also includes an occupied three-bedroom apartment above the restaurant.

Tenant: Harlem Shake

Tenant’s brokers: David Yablon of Katz & Associates and Sherry Naquin Sanchez and Spencer Bowman of Resolut RE

Landlord: 119 Park Slope

Landlord’s broker: Meyer Dagmy of Alpha Acquisitions Realty

Credit…B6 Real Estate

$14 MILLION

8 East 41st Street (between Fifth and Madison Avenues)

Manhattan

Built in 1921, this eight-story, 15,550-square-foot building in Midtown contains five floors of office space, two floors of salon space and a retail space at ground level. Two of the office spaces are occupied, and a hair salon is on the second floor and a spa on the third floor. The building was last sold in 2000.

Seller: 41st Street Levy

Brokers: Brock Emmetsberger, Zachary Redding and Cameron Stafford of B6 Real Estate and Nancy Cibrano of N Cibrano Realty

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