Business

Current Industrial Actual Property Transactions

$5.875 MILLION

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

The Bronx

This two-story, 12,000-square-foot constructing within the Mott Haven neighborhood was constructed in 1931. It incorporates 15 workplace items on the second ground, eight of them occupied by native companies, and 6 retail items on the bottom ground. These are occupied by a pharmacy, a magnificence provide retailer, a tax and passport specialist, a cellphone store, a tattoo parlor and a nail salon.

Purchaser: 316 East 149th Road L.L.C.

Vendor: Maria D’Onofrio

Dealer: Matthew Sparks of GFI Realty Companies

$17 MILLION

1490 and 1497 McDonald Avenue (at Avenue M)

Brooklyn

These two single-story warehouses within the Midwood neighborhood are throughout the road from one another and separated by the aboveground F practice tracks. 1490 McDonald Avenue, inbuilt 1928, has 29,500 sq. toes of space for storing and a pair of,000 sq. toes of mezzanine workplace area; 1497 McDonald Avenue, inbuilt 2006, has 5,750 sq. toes of area, most of it used for storage. The buildings had been utilized by McDonald Steel & Roofing Provide. The Attract Group, which operates rehabilitation amenities in Brooklyn and Harlem, plans to make use of them for storage and flex workplace area.

Purchaser: Attract Group

Vendor: MMAH

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

Credit score…Douglas Elliman

$61/SQ. FT.

$67,200 approximate annual lease

1980 Amsterdam Avenue (at West 158th Road)

Manhattan

Pizza Hut has signed a 10-year lease for an area on the bottom ground that’s about 1,100 sq. toes, plus a 900-square-foot basement, on this six-story, 12,375-square-foot constructing in Washington Heights. The constructing, which was inbuilt 2018, additionally consists of 14 residences and one other business area, occupied by KinesioWorks Bodily Remedy.

Tenant: Pizza Hut

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

Landlord: 1980 Amsterdam Avenue Affiliation

Landlord’s Dealer: Tom Brady of Douglas Elliman

https://www.nytimes.com/2022/02/08/enterprise/new-york-commercial-real-estate.html Current Industrial Actual Property Transactions

Fry Electronics Team

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