Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

$2.75 MILLION

1211 Eighth Avenue (between 12th and 13th Streets)

Brooklyn

Built in 1920, this 6,516-square-foot building near Prospect Park in Park Slope has eight two-bedroom apartments, and all but one are occupied.

Buyer: Arlia family

Buyer’s Broker: John Brennan of Marcus & Millichap

Seller: Circle 1211

Seller’s Brokers: Rita Knox of Rita Knox Realty and Elaine Gay of Townsley & Gay

$5.85 MILLION

1314 St. Nicholas Avenue (at West 176th Street)

Manhattan

This single-story retail building in Washington Heights was delivered vacant. It is 6,753 square feet, with 15,866 square feet of additional air rights. The building was last sold in 1973.

Buyer: 1314 St. Nicholas L.L.C.

Seller: 1314 Realty Partners

Broker: Matthew Sparks of GFI Realty Services

$22 MILLION

241 West 14th Street (between Seventh and Eighth Avenues)

Manhattan

Built between 1845 and 1847, this 12,320-square-foot, five-story building in the West Village was designated a landmark in 1978. It is home to the Norwood Club, a private arts club, which occupies the entire building. The property includes a commercial kitchen and a large outdoor space.

Seller: Magnum Real Estate Group

Brokers: Michael Rudder and Justin Harris of Rudder Property Group

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