Recent Commercial Real Estate Transactions
Recent Sale
$800,000
121 East 61st Street (between Lexington and Park Avenues)
Manhattan
This 850-square-foot office space, in a medical/dental co-op in Lenox Hill, was previously occupied by a dental clinic. The 11-story building, which was built in 1924, has four offices on each floor.
Buyers: Dr. Sookyung Kim and Dr. Byung K. Choi
Buyer’s Broker: Istvan Ritz of Douglas Elliman
Seller: Estate of Dr. Arthur B. Benjamin
Seller’s Brokers: Stephanie Tashman and Lorett Vigon of Bond New York
Recent Lease
$32/SQ. FT.
$120,000 approximate annual rent
794 Union Street (between Sixth and Seventh Avenues)
Brooklyn
Spear Physical Therapy has signed a 10-year lease in a three-story building in Park Slope. The 1920 building was gut renovated three years ago and is home to three other commercial tenants: One Medical, Corcoran Realty and Escape the Room, which is in the basement. Spear will occupy a 3,750-square-foot unit on the third floor.
Tenant: Spear Physical Therapy
Tenant’s Broker: Evan Clements of the Dartmouth Company
Landlord: Laygrib
Landlord’s Brokers: Chris Havens and Caroline Pardo of TerraCRG
Recent Lease
$49/SQ. FT.
$44,100 approximate annual rent
231 West 39th Street (between Seventh and Eighth Avenues)
Manhattan
Fashion Blue, an accessories company, has signed a five-year lease for a 900-square-foot space in this 12-story, 112-year-old building in the garment district. The company will use part of the third floor for offices and a showroom.
Tenant: Fashion Blue
Landlord: 231/249 West 39 Street Associates
Brokers: James and Jeff Buslik of Adams & Company
For Sale
$12.8 MILLION
1400 Benson Street (between Lane and Frisby Avenues)
The Bronx
This six-story building in Westchester Square was built in 1925 and has six ground-floor retail spaces, including a deli and a medical center. It also has 58 rent-stabilized and free-market apartments: 36 one-bedrooms, 21 two-bedrooms and one three-bedroom. It is the first time the property has been on the market.
Seller: Rudin Management
Brokers: Jonathan Squires, Josh King, Michael Fioravanti, Eric Roth, Shayne Soltan and Robert Shapiro of Cushman & Wakefield