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Recent Commercial Real Estate Transactions
FOR LEASE
$125/SQ. FT.
$750,000 approximate annual rent
The Sugar Loaf Condominium
155 Franklin Street (between Hudson and Varick Streets)
Manhattan
A 6,000-square-foot block-through retail space is available in this six-and-a-half-story TriBeCa loft condominium, where the singer-songwriter Taylor Swift owns the penthouse apartment. The space has 77 feet of frontage along Franklin Street and 33 feet along Leonard Street, and the block has a stop on the No. 1 subway line. Previously an office with an open floor plan, the space also offers a usable 2,500-square-foot lower level, four bathrooms, two kitchen pantries and five conference rooms. A private elevator may be constructed in an old shaft between the levels. The building was originally the Sugarloaf Warehouse, built around 1882 by the architect George W. DaCunha.
Landlord: 155 Franklin
Brokers: Christopher Owles and Peter Weisman, Sinvin Real Estate
RECENT SALE
$15.2 MILLION
Haddon Hall
957 Greene Avenue (between Patchen Avenue and Malcolm X Boulevard)
Bedford-Stuyvesant, Brooklyn
A local family investment group has bought this six-story elevator building built around 1931. The building has 54 rent-stabilized apartments — four studios, 40 one-bedrooms and 10 two-bedrooms. Two cell tower leases provide additional income. The 49,434-square-foot building, which is on the Bushwick border, sold for 19.4 times the rent roll, with a cap rate of 3.57 percent.
Buyer: 957 Greene Ave
Seller: Renaissance Realty Associates
Seller’s Brokers: Matthew Fotis, Matthew Shapiro, Dylan Renicker and Tyler Workman, Marcus & Millichap
RECENT LEASE
$37.89/SQ. FT.
$36,000 approximate annual rent
743 Driggs Avenue (between South Second and South Third Streets)
Williamsburg, Brooklyn
Ceremonia Bakeshop has signed a five-year lease for 950 square feet on the ground floor in this six-story mixed-use walk-up. The cafe will offer fresh baked goods, including custom-made cakes for special occasions; freshly brewed coffee and espresso; and a brunch menu. It received a three-month rent concession for the build-out and plans to open in October.
Tenant: Masrukhon Sayfullozoda Company, doing business as Ceremonia Bakeshop
Landlord: Los Sures
Broker: Alex Robayo, Ideal Properties Group
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.
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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.
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Bad credit? No savings? There are still ways for you to buy a home.
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