Supported by
Recent Commercial Real Estate Transactions
RECENT SALE
$17 MILLION
90-31 Whitney Avenue (between Elbertson and Denman Streets)
Elmhurst, Queens
This 1936 six-story elevator building has 60 apartments — 26 one-bedrooms, 28 two-bedrooms and six two-bedrooms — with an alcove and a laundry room. The 67,200-square-foot building sold for 16.75 times the rent roll.
Buyers: JD Broadway Realty L.L.C., JE Broadway Realty L.L.C. and 90-31 Whitney Broad L.L.C.
Seller: Whitney L.L.C.
Brokers: Aaron Jungreis and Michael Guttman, Rosewood Realty Group
RECENT LEASE
$87/SQ. FT.
$222,807 approximate annual rent
246 East 94th Street (between Second and Third Avenues)
Manhattan
The District Elite Performance gym, formerly CrossFit Concrete Jungle, has signed a 10-year lease to open by the end of the year in this 32-story 1985 building, a block west from its current Yorkville location. It received five months rent-free for the build-out of its new 2,561-square-foot ground floor space with a 2,138-square-foot mezzanine and a 1,429-square-foot storage basement. A Second Avenue subway entrance is to open next to the building.
Tenant: District Elite Performance
Landlord: Brodsky Organization
Brokers: Charles Rapuano and Steven E. Baker, Winick Realty Group
FOR SALE
$8.95 MILLION
21 Downing Street (between Bedford and Bleecker Streets)
Manhattan
This four-story, mixed-use, recently renovated townhouse in Greenwich Village Historic District Extension II can be delivered vacant. The 3,636-square-foot building features updated plumbing and electrical work, as well as three floor-through rental apartments and a duplex professional office space. Permits are also in place from the Buildings Department for the installation of an outdoor roof deck.
Owner: The Paddington L.L.C.
Brokers: Howard Raber, Victor Sozio, Shimon Shkury, Jesse Greshin and Michael A. Tortorici, Ariel Property Advisors
Email: realprop@nytimes.com
How to Buy a Home
With careful research and determination, the keys to that dream house can be yours.
Start by organizing your finances and asking the right questions: Is homeownership right for you? What are the best markets for first-time buyers? And can you afford to buy a house?
From buying real estate with friends and family to owning a house before finding a spouse, people are exploring creative paths to homeownership that also make financial sense.
For most, the down payment is the primary hurdle keeping them from buying a home, but you may have options.
Are you confused by all the new mortgage gimmicks being offered by lenders? Don’t worry, our guide can help.
Buying a vacant lot offers the chance to build a home on your own terms. Here is what to know if you choose that option.
To those looking to buy property as an investment, a tenant-occupied apartment can be appealing. Weigh the pros and cons carefully.
Bad credit? No savings? There are still ways for you to buy a home.
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