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Real Estate

Contemporary Industrial Actual Property Transactions

Contemporary Industrial Actual Property Transactions
Contemporary Industrial Actual Property Transactions


$5.875 MILLION

316-322 East 149th Side road (between Morris and Courtlandt Avenues)

The Bronx

This two-story, 12,000-square-foot development within the Mott Haven community was once built in 1931. It incorporates 15 workplace gadgets on the second one ground, 8 of them occupied through native companies, and 6 retail gadgets at the floor ground. The ones are occupied through a pharmacy, a good looks provide retailer, a tax and passport specialist, a mobile phone store, a tattoo parlor and a nail salon.

Purchaser: 316 East 149th Side road L.L.C.

Vendor: Maria D’Onofrio

Dealer: Matthew Sparks of GFI Realty Services and products

$17 MILLION

1490 and 1497 McDonald Road (at Road M)

Brooklyn

Those two single-story warehouses within the Midwood community are around the side road from each and every different and separated through the aboveground F educate tracks. 1490 McDonald Road, inbuilt 1928, has 29,500 sq. toes of cupboard space and a pair of,000 sq. toes of mezzanine workplace house; 1497 McDonald Road, inbuilt 2006, has 5,750 sq. toes of house, maximum of it used for garage. The structures had been utilized by McDonald Steel & Roofing Provide. The Attract Workforce, which operates rehabilitation amenities in Brooklyn and Harlem, plans to make use of them for garage and flex workplace house.

Purchaser: Attract Workforce

Vendor: MMAH

Agents: Bobby Lawrence and Jermaine Pugh of B6 Actual Property Advisors

Credit score…Douglas Elliman

$61/SQ. FT.

$67,200 approximate annual hire

1980 Amsterdam Road (at West 158th Side road)

Big apple

Pizza Hut has signed a 10-year rent for an area at the floor ground this is about 1,100 sq. toes, plus a 900-square-foot basement, on this six-story, 12,375-square-foot development in Washington Heights. The development, which was once inbuilt 2018, additionally comprises 14 residences and any other business house, occupied through KinesioWorks Bodily Remedy.

Tenant: Pizza Hut

Tenant’s Dealer: Bruce Herman of Sales space Capital Advisors

Landlord: 1980 Amsterdam Road Affiliation

Landlord’s Dealer: Tom Brady of Douglas Elliman

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