Recent Commercial Real Estate Transactions

January 10th, 2017, by Rosalie R. Radomsky


$4.625 MILLION
308 East 52nd Street (between First and Second Avenues)


An Asian investor has bought this vacant 3,952-square-foot 1950 four-story building with four
apartments. Plans have been approved for an additional two stories and an elevator. The
building could be reconfigured to yield five more apartments for a total of nine. Air rights add
up to 3,947 square feet.

Buyer: 308 First Second L.L.C.
Buyer’s brokers: Khashy Eyn and Jesse Klein, Platinum Properties
Seller: 52nd East Property Management L.L.C.
Seller’s brokers: Olivia Hoge and Kathy Hoffman Linburn, Sotheby’s International Realty


$19.80/SQ. FT.
$39,600 approximate annual rent
218 39th Street (between Second Avenue and the Gowanus Expressway)

Sunset Park, Brooklyn

A health care technology company has signed a five-year lease for the entire second floor of
this two-story commercial building built in 2000. The second floor has 2,000 square feet of
office space.

Tenant: CCI Systems
Landlord: Quality 62 Realty Inc.
Broker: Richard Goodier, Ideal Properties Group


2590 Ocean Avenue (between Avenues U and V)

Sheepshead Bay, Brooklyn

This eight-story elevator building, now being completed, features 12 luxury condominiums:
10 two-bedroom units and two four-bedroom penthouses, each with terraces. The 30,101-
square-foot building has a 15-year, 421-a tax abatement and a nine-car garage.

Seller: Twenty Five Ninety Oc
Brokers: Aaron Kline and Greg Corbin, Besen & Associates


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