NEW YORK CITY — Compass Group has renewed its lease for the entire 30th floor at 135 East 57th Street in New York City’s Plaza District. Owned by Cohen Brothers Realty Corp., the 32-story Class A office tower features eight high-speed passenger elevators, indoor garden space, building management and security personnel with 24/7 lobby attendance. Marc Horowitz of Cohen Brothers provided in-house representation for the landlord. David Kaplansky of Colliers International arranged the deal on behalf of the tenant.
NEW YORK CITY — Eastern Consolidated has arranged the sale of 720 West 172nd St., known as 121-123 Haven Avenue, in Washington Heights. Barberry Rose Management purchased the asset from David Tseng for $8.5 million. The six-story, 36,125-square-foot multifamily building features 32 apartments. The property is in close proximity to Columbia Presbyterian Hospital, Public School 173, J. Hood Wright Park and Henry Hudson Highway. Matthew Sparks and Abram Bernstein of Eastern Consolidated represented the seller; Sparks also procured the buyer in the transaction. Ari Goodman was the attorney for the seller, while Marc Landis, Brian Beller and Karen Schwimmer of Phillips Nizer LLP served as attorneys for the buyer.
NEW YORK CITY — Swig Equities has completed more than $1.5 million in capital improvements at 825 East Gate Boulevard in Garden City, Long Island. Updates to the 80,000-square-foot office building included renovated lobby and entrance canopy, renovated elevators and mechanicals; upgraded electrical service; backup dual fuel generator; upgraded HVAC systems; new roof; new security and fire/life safety systems; upgraded emergency generator; new outdoor lighting; new signage; new tenant corridors; upgraded bathrooms; and a resurfaced parking area. Property amenities include a café and an on-site building manager. The property is within walking distance of retail and hospitality venues. Current tenants include a variety of law firms, a security consulting company and an insurance brokerage firm, among others. Swig Equities took over management of the property earlier this year.
NEW YORK CITY — JEMB Realty has completed 75,000 square feet in new leasing activity at its office property located at 75 Broad St. in Lower Manhattan. The property is now more than 90 percent occupied. Built in 1927 as the headquarters for ITT Corp., the 33-story building offers flexible floor plates, top-tier amenities, 24-hour security and an in-house management team. JEMB acquired the property in 2000. New tenants include Human Rights First (18,000 square feet), represented by Carri Lyon, Robert Lower and Kevin Daly of Cushman & Wakefield; StellaService (10,000-square-foot expansion), represented by Patrice Meagher of CBRE; Toll Brothers; Sun & Moon Marketing (7,000 square feet), represented by Robert Constable and Willard Overlock of Cushman & Wakefied; Design Quadrant (7,500 square feet), represented by Kenneth Beilin of Beilin Commercial Real Estate; Blue Engine, represented by Jordan Rosenlicht and Lindsay Ornstein of Transwestern; Health Corps, represented by Robert Taylor of SRS Real Estate Partners; Cooper Carry, represented by Carri Lyon of Cushman & Wakefield; and Johnson Gallagher Magliery represented by George Keller and Peter Cento of Cushman & Wakefield. Approximately 60,000 square feet of office space remains available at 75 Broad Street.
NEW YORK CITY — Co-developers Time Equities and Hamlin Ventures have acquired 34 Prince Street, the former convent and school of St. Patrick’s Old Cathedral complex in Manhattan’s Northern Little Italy neighborhood, for $30.7 million. The joint venture plans to transform the property, which was built in 1825, into a seven luxury condominium residences and two townhomes. Designed by Marvel Architects, the renovated property will feature two townhomes ranging in size from 9,000 to more than 10,000 square feet, and loft residences ranging in size from 2,600 to nearly 5,000 square feet, with many featuring private outdoor space. CORE will handle the sales for the townhomes, which offer home customization options. This acquisition is the second development venture for the team. Its first project, 14 Townhouses, was completed in spring 2014.
NEW YORK CITY — Marcus & Millichap has brokered the sale of 377 Manhattan Avenue in Brooklyn. The six-unit apartment building sold for $1.65 million. Shaun Riley, James Saros and Michael Salvatico of Marcus & Millichap’s Brooklyn office listed the property on behalf of the seller, a private investor, and represented the buyer, a private investor, in the transaction.
NEW YORK CITY — Clarion Partners has acquired Printhouse Lofts, an apartment building located in Williamsburg, from New York City-based Greystone for an undisclosed price. Located at 139 North 10th St., the 1900s industrial-style warehouse was converted into a luxury rental apartment building by Greystone. The pet-friendly property offers 28 one-bedroom units, six two-bedroom units and two three-bedroom units. Community amenities include laundry machines on all floors, bike storage and 2,500 square feet of shared roof deck space. The property was 100 percent leased at the time of sale. Jeff Julien, Rob Hinckley and Andrew Scandalios of HFF arranged the sale.
NEW YORK CITY — Marcus & Millichap has arranged the sale of two apartment buildings, located on Manhattan’s Upper East Side, for $13.3 million, or $443,333 per unit. Located at 312-314 East 91st St., the two five-story walkup apartment buildings feature a total of 30 residential units. The buildings offer a unit mix of 19 two-bedroom apartments and 11 one-bedroom units. Additionally, the properties, which are zoned R8B, include 2,214 square feet of unused air rights. Joseph Koicim, Peter Von Der Ahe, David Lloyd and Daniel Hanweiler of Marcus & Millichap’s Manhattan office represented both the buyer and seller in the transaction.
NEW YORK CITY — Marcus & Millichap has arranged the sale of 731 Meeker Avenue in Brooklyn. The 8,800-square-foot mixed-use property sold for $1.8 million. Shaun Riley, Michael Salvatico and James Saros of Marcus & Millichap’s Brooklyn office represented the seller, an individual/personal trust, and the buyer, a private investor, in the transaction.
NEW YORK CITY — Ariel Property Advisors has brokered the sale of a three-building multifamily portfolio in New York City’s Washington Heights neighborhood. The 60-unit portfolio, which totals 45,543 square feet, sold for $10 million. The property at 432-434 West 163rd St. is a six-story walk-up with 30 two-bedroom residential units. The two contiguous buildings at 612-618 West 182nd St. also offer 30 residential units with two one-bedroom units, three two-bedroom units, 15 three-bedroom units and 11 four-bedroom units. Each property also features a super’s unit in the basement. Victor Sozio, Shimon Shkury, Michael Tortorici, Josh Berkowitz and Marko Agbaba represented the seller and procured the buyer, both private investment firms, in the transaction.