NEW YORK CITY — Marcus and Millichap has arranged the $1.35 million purchase of the 8,747-square-foot 437-439 Tompkins Avenue, a free-market brownstone development in Brooklyn. Shaun Riney of Marcus & Millichap's Brooklyn office and Matthew Fotis of the firm's Manhattan office represented both parties in the transaction.
NEW YORK CITY — New York City-based Massey Knakal has brokered the $7.8 million sale of a 15,000-square-foot apartment building, located at 156 Prince St. in New York City's SoHo neighborhood. Robert Burton of Massey Knakal brokered the transaction, along with Julie Weintraub and Lauren Schaffer of Prudential Douglas Elliman.
NEW YORK CITY — PCCP has offered $24 million in two loan structures to a private institutional investor for the refinance and construction completion of 155 Bay St. and 130 Bay St. Landing, two residential condominium properties totaling 153 units in Staten Island. Both properties are currently under construction.
NEW YORK CITY — An eight-unit apartment building, located at 158 Garfield Pl. in Brooklyn, has been purchased for $1.62 million. Jakub Nowak of Marcus & Millichap's Brooklyn office and Matthew Fotis of the firm's Manhattan office represented both parties in the transaction.
NEW YORK CITY — GFI Realty Services has brokered the $1 million sale of the 10,757-square-foot 162 Linden Blvd., a 4-story walk up apartment building in Brooklyn. The property features six residential units and three stores. Shlomo Antebi and Yaniv Simantov of GFI brokered the transaction.
NEW YORK CITY — Lehman Brothers Holdings has sold the 305,000-square-foot 1107 Broadway, a 16-story former office building in Manhattan, to the Witkoff Group for $191 million. The sale is the result of an auction Eastdil Secured coordinated that was previously approved by the bankruptcy court. The building, along with 200 Fifth Avenue, once housed the International Toy Center.
EAST HAVEN, CONN. — Marcus & Millichap has brokered the $9.6 million sale of the 214-unit Trolley Park Apartments, located at 500-512 Main St. in East Haven. Steve Witten and Victor Nolletti of Marcus & Millichap's New Haven, Conn., office represented both the buyer, 512-520 Main Street LLC, and the seller, Trolley Park, LLC, in the transaction.
PHILADELPHIA — Teva Pharmaceutical Industries has purchased 140 acres at the Omni Logistics Center, located at 1 Red Lion Road in Philadelphia, and plans to construct a 1.2 million-square-foot distribution center. John Binswanger, Clive Mendelow and Paul French of Philadelphia-based Binswanger represented Teva in the land acquisition.
NEW YORK CITY — DelShah Capital has purchased Sunrise Terrace Condominiums, a mixed-use property located at 31-32 Union St. in Queens. The property features 32 upscale residential units, seven retail spaces and on-site parking. The property is being repositioned with help from Distinct New York and Prudential Douglas Elliman. No brokers were involved in the transaction. DelShah bought the mortgage from China Trust Bank for $5.4 million and won the foreclosure auction at $3.7 million.
SHELTON, CONN. – Woodbridge, Conn.-based Inno-Haven has purchased an 18,000-square-foot property at 1 Controls Dr. in Shelton, which the company plans to renovate. NanoViricides, Inc. will lease the renovated laboratory and manufacturing space from Inno-Haven. Bruce Wettenstein of Vidal/Wettenstein negotiated the property's sale.