NEW YORK CITY — TF Cornerstone has completed the development of 33 Bond, a 25-story apartment development located in Brooklyn. Designed by Handel Architects, 33 Bond features 714 rental units in studio, one- and two-bedroom open-concept layouts, a 24-hour attended lobby, package attendant, club lounge with billiards table, screening room, designated event space, bicycle store, parking garage and an on-site pet grooming space. Residences feature white oak floors, state-of-the-art kitchens with stainless steel appliances, and floor-to-ceiling windows. Additionally, the property features HomeWork, a full-scale collaborative workspace, and 60,000 square feet of retail space occupied by Chelsea Piers, a fitness, health and lifestyle center, and Devocion, a Colombian coffee roaster.
NEW YORK CITY — Lourdes Realty Group has purchased a 100-unit apartment building located at 70 Dahill Road in the Kensington section of Brooklyn. Sentinel Real Estate Corp. sold the property for $33 million. Built in 1934, the 102,000-square-foot building features six studios, 61 one-bedroom, 26 two-bedroom and seven three-bedroom units. Aaron Jungreis of Rosewood Realty Group represented the buyer and seller in the deal.
YONKERS, N.Y. — Cushman & Wakefield has brokered the sale of a multifamily development site located at 1065 and 1073 Warburton Ave. in Yonkers. RMS Warburton LLC acquired the 0.63-acre site for $4 million. Al Mirin, Kate Schwartz and Matthew Torrance of Cushman & Wakefield represented the undisclosed seller in the sale. The property at 1073 Warburton Ave. has been permitted for the intended construction of a nine-story, 79-unit rental apartment building to be built above an enclosed structured parking. The purchase of 1065 Warburton Avenue added approximately 0.18 acres to the overall property creating a combined site that is estimated to accommodate more than 100 units.
NEW YORK CITY — Trion Real Estate Management has purchased a five-story, mixed-use building located at 818 10th Ave. in Manhattan’s Hell’s Kitchen. A local interest group sold the building for $11.5 million, or $932.68 per square foot. Built in 1910, the 12,330-square-foot building features 12 residential apartments and two restaurants, Mamasita Mex and White Oak Oyster Bar & Cocktail Lounge. Peter Vanderpool of Cignature Realty Associates represented the seller and buyer in the deal.
NEW YORK CITY — Cignature Realty Associates has brokered the sale of a three-building multifamily portfolio located in the Hell’s Kitchen section of Manhattan. A private interest fund acquired the portfolio from Yaron LLC for $15.5 million. Totaling 34 apartment units, the portfolio includes 439, 441 and 443 W. 48th St. The adjacent buildings, which total 24,515 square feet, were constructed in 1901. Lazer Sternhell, Peter Vanderpool and Michael Rahimzada of Cignature Realty represented the seller and buyer in the deal.
NEW YORK CITY — Brooklyn Standard Properties and Cohen Commercial Properties have partnered to acquire a 10-building multifamily portfolio in the Bronx for $26.5 million. LAL Property Management Corp. sold the buildings, which total 104 residential units. The properties are located at 2460-2468 and 2490 Belmont Ave.; 2463 and 2481 Hughes Ave.; and 2454 and 2464 Hoffman St. in the Fordham/Belmont neighborhood of the Bronx. Marco Lala of Marcus & Millichap represented the seller in the deal.
SMITHTOWN, N.Y. — American Investment Properties has arranged the sale of Smithwest Plaza, a retail strip center located at 1041 W. Jericho Turnpike in Smithtown. Smith West Plaza LLC sold the property to Summit Blossom LLC for $2.1 million, or $205 per square foot. The 7,200-square-foot property was constructed in 1987. Ron Koenigsberg of American Investment Properties represented the seller and buyer in the 1031-exchange transaction.
BROCKPORT, N.Y. — Marcus & Millichap has arranged the sale of a medical office building located at 6668 Fourth Section Road in Brockport. A REIT acquired the asset from an undisclosed developer for $8.7 million. Unity Hospital of Rochester leases the entire 29,497-square-foot building on a long-term, triple-net basis. Ryan Moore and Christopher Mitchel of Marcus & Millichap represented the seller and secured the buyer in the deal. Additionally, John Krueger of Marcus & Millichap assisted in the closing.
NEW YORK CITY — RKF has arranged two leases for new locations for Bonobos and Lush Cosmetics in New York City. Bonobos has leased 2,500 square feet of space at 173 Court St. in Brooklyn’s Cobble Hill neighborhood. The men’s clothing store is slated to open this month. The retail space consists of 1,700 square feet on the ground floor and 800 square feet in the lower level of a four-story brick townhouse. Justin Fantasia of RKF represented the tenant, while Ike Bibi, also of RKF, represented the landlord, Industrie Capital Partners. In the second transaction, Lush Cosmetics leased 2,600 square feet of retail space within Hotel Belleclaire at 2175 Broadway in Manhattan’s Upper West Side. The store, known for its fresh, handmade and ethical bath, body, hair and skincare products, is slated to open this fall. The location features 1,600 square feet of retail on the ground floor and 1,000 square feet of space on the lower level. David Abrams of RKF represented the landlord, Triumph Hotels, while Matthew Krell of Newmark Knight Frank represented Lush Cosmetics in the deal.
NEW YORK CITY — Savanna has purchased a 12-story, 144,500-square-foot office and retail building located at 31 W. 27th St. in Manhattan’s NoMad District for an undisclosed price. Originally constructed in 1910, the building features 11,578-square-foot open floorplates, 12-foot to 16-foot barrel-arched ceilings and abundant natural light. Savanna plans to implement a comprehensive capital improvement plan at the property. The scope of the plan includes renovations of the lobby, building systems, façade, roofs and sidewalk vault, as well as the reposition and renovation of the retail storefront. Will Silverman, Paul Gillen and Daniel Parker of Hodges Ward Elliott represented the undisclosed seller in the transaction. Aareal Capital Corp., a subsidiary of Germany-based Aareal Bank AG, provided acquisition financing. Lawrence Britvan, Matt Jacobs and Michael Straw, also of Hodges Ward Elliott, arranged the financing for Savanna.