Recent Commercial Real Estate Transactions


121 East 61st Street (between Lexington and Park Avenues)


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

$32/SQ. FT.

$120,000 approximate annual rent

794 Union Street (between Sixth and Seventh Avenues)


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

$49/SQ. FT.

$44,100 approximate annual rent

231 West 39th Street (between Seventh and Eighth Avenues)


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


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

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