NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $19.6 million auction sale of a portfolio of 13 multifamily properties totaling 41 units in Brooklyn. The properties were part of Chaskiel Strulovitch’s 31-building portfolio and are located in various residential districts of the borough. Aaron Jungreis, Greg Corbin and Chaya Milworn of Rosewood brokered the sale.
NEW YORK CITY — PNC Bank has signed a 70,000-square-foot office lease renewal at 340 Madison Avenue in Manhattan. The lease comprises 64,941 square feet of office space across several floors and a 5,336-square-foot retail branch. William Elder, Andrew Ackerman and Alexandra Budd represented the landlord, RXR Realty, on an internal basis. David Simson and David Falk of Newmark represented the tenant. PNC Bank has been a tenant at the building since 2008.
NEW YORK CITY — NYC Office Suites, a provider of flexible workspace solutions, has signed a 31,433-square-foot lease at The Chanin Building, a 56-story tower located at 122 E. 42nd St. in Manhattan. The building was originally constructed in the late 1920s. Arkady Smolyansky and Roger Griswold of CBRE represented the tenant, which will occupy the entire fourth floor of the 56-story tower, in the lease negotiations. The name and representative of the landlord were not disclosed.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $9.9 million sale of a mixed-use building located in the Mount Hope area of The Bronx. The property comprises five market-rate apartments, 10,600 square feet of vacant office/community space and ground-floor retail space that is leased to T-Mobile and a regional pharmacy. Vanbarton Group sold the asset to an undisclosed buyer. Jason Gold, Victor Sozio and Daniel Mahfar of Ariel Property Advisors brokered the deal.
NEW YORK CITY — Chicago-based investment firm Syndicated Equities has acquired a 110-space parking garage located at 58 W. 58th St. in Manhattan’s Midtown East neighborhood. The structure house both ground-level and underground parking space. Syndicated Equities acquired the property, which is leased to Icon Garages, in partnership with Centerpark Realty, a locally based investment firm that specializes in the product type. The seller and sales price were not disclosed.
NEW YORK CITY — Elara Caring Group, a provider of home-based care services, has signed a 14,039-square-foot office lease in The Fordham area of The Bronx. The tenant will occupy space at The Poe Building on Grand Concourse, which was originally constructed in 1929 and renovated in 1989. The lease term is seven years. Kathy Zamechansky of KZA Realty Group represented the landlord, Poe Affiliates LP, in the lease negotiations. Alex Foley of Swearington Realty Group represented the tenant.
ISLIP, N.Y. — Chicago-based Venture One will develop a 121,270-square-foot industrial facility in the Long Island community of Islip. The site spans 9.7 acres. Building features will include a clear height of 36 feet, 130-foot truck court depths, 131 car parking spaces and 119 trailer parking stalls. Construction is scheduled to begin in the third quarter and to last about a year. Cushman & Wakefield will be responsible for lease-up of the development.
NEW YORK CITY — Law firm Cullen & Dykman has signed a 28,307-square-foot office lease at One Battery Park Plaza, a 35-story, 870,000-square-foot tower in Lower Manhattan. Ken Rapp, David Hollander and Andrew Sussman of CBRE represented the tenant, which is relocating from 44 Wall Street, in the lease negotiations. Kevin Daly and Tom Keating represented the landlord, The Rudin Family, on an internal basis.
ITHACA, N.Y. — California-based brokerage firm Hanley Investment Group has arranged the $2.4 million sale of a 7,500-square-foot restaurant building in the upstate New York community of Ithaca that is fully leased to Texas Roadhouse. The property was built on 1.4 acres in 2015. Jeff Lefko and Bill Asher of Hanley Investment Group, along with Parasell Inc., represented the California-based buyer in the transaction. Dalton Barnes of Alpha Real Estate Advisors represented the Chicago-based seller.
HAUPPAGE, N.Y. — Chicago-based Venture One will develop a 123,970-square-foot industrial facility in the Long Island community of Hauppage. The site spans 7.4 acres within Hauppage Innovation Park, which is home to some 1,300 businesses that employ roughly 55,000 people. Building features will include a clear height of 36 feet, 130-foot truck court depths, 131 car parking spaces and 40 trailer parking stalls. Construction is scheduled to begin in the third quarter and to last about a year. Cushman & Wakefield will lease the development.