Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.,

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ImageOpening Ceremony, a clothing store, occupied the commercial space of these two buildings in SoHo for nearly two decades.
Opening Ceremony, a clothing store, occupied the commercial space of these two buildings in SoHo for nearly two decades.Credit…Highcap Group

$11.2 MILLION

33 & 35 Howard Street (between Broadway and Lafayette Street)

Manhattan

These two buildings in SoHo total 16,000 square feet with additional air rights. The three-story building at 33 Howard is for commercial and retail use. The five-story building at 35 Howard has commercial space on the two lower floors below three full-floor loft apartments. For nearly two decades, the clothing retailer Opening Ceremony occupied the commercial space of both buildings, which was delivered vacant to the buyer. The three apartments are all occupied.

Buyer: Javeri Capital

Seller: Spitzer family

Brokers: Josh Goldflam and Charles Chang of the Highcap Group

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This 73,000-square-foot building in Glendale will be the new headquarters for City Lumber.Credit…DY Realty

$20/SQ. FT.

$1.46 million approximate annual rent

84-00 73rd Avenue (between 80th and 88th Streets)

Queens

City Lumber has signed a 12-year lease for this one-story, 73,000-square-foot building in the Glendale neighborhood. Built in 1960, the property, which also includes 32,500 square feet of outdoor space, was previously under a five-year lease with a division of the Metropolitan Transportation Authority. City Lumber is moving its headquarters and warehouse to the site.

Tenant: City Lumber

Tenant’s brokers: Josh Berger and Alex Lubin of Norman Bobrow & Company

Landlord: Ren Hoek Realty

Landlord’s broker: Paul J. Yuras of DY Realty

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This corner building in Park Slope has a sushi restaurant, Wasan Brooklyn, and a bar on the ground floor.Credit…Katherine Serban

$11 MILLION

440 Bergen Street (at Fifth Avenue)

Brooklyn

Built in 1920, this four-story, 10,000-square-foot building in Park Slope has five five-bedroom apartments and one three-bedroom apartment, which is rent-stabilized. The ground floor is occupied by a sushi restaurant, Wasan Brooklyn, and a bar. The building was last sold in 1998.

Seller: Bergen L.L.C.

Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Gabriel Kates, Toby Waring and Daniel Shawah of Bestreich Realty Group

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