Industry News and Transactions

Shamah Properties acquired a 6-building multifamily portfolio located at 75-91 Hawthorne St., 2015-2017 Foster Ave., 2101 Bedford Ave., 1-17 St. Paul’s Ct., 194-210 E. 18th St. and 350 E. 19th St. in the Ditmas Park area of Brooklyn, NY for $43MM.

Sol Kopelowitz acquired three properties located at 350 Empire Blvd., 441 Brooklyn Ave. and 305 E. 34th St. in Brooklyn, NY for $18.1MM.

A fully-occupied, 3-bulding portfolio located at 72, 74 and 104 Forsyth St., between Grand St. and Broome St., in NYC traded for $9.8MM in an all-cash deal after 34 years of the same ownership. The portfolio is composed of a 5-story, mixed-use, walk-up building with 20 units and 2 stores at 104 Forsyth St. and two 5- and 6-story mixed-use, walk-up buildings totaling 36 units and 4 stores at 72 and 74 Forsyth St.

2150 Laxmi Nagar acquired the 6-story, 71-unit, 69,927 SF multifamily building with 5 retail stores located at 2150 Wallace Ave., at the corner of Lydig Ave., in Bronx, NY for $8.8MM ($123.9K per unit).

The 2 adjacent multifamily properties located at 4706-4712 4th Ave. in the Sunset Park neighborhood of Brooklyn, NY traded for $4.4MM.

Gjonbalaj Management sold its 6-story, 41,000 SF multifamily building located at 2435 Frisby Ave. in Bronx, NY for $4.2MM ($107 PSF).

233 Sita LLC acquired the 5-story, 49-unit, 36,916 SF multifamily property located at 675 E. 233rd St., between Carpenter Ave. and White Plains Rd., in Bronx, NY for $3.9MM ($98 PSF).

The 13-unit multifamily property located at 344 Gorge Rd. in Cliffside Park, NJ traded for $1.6MM ($123.1K per unit).
 
CLK Properties obtained $3.8MM in 5-year financing at 3.55%, with 2 years of IO payments, for its 6-story multifamily property located at 30-32 E. 38th St. in NYC.