Recent commercial real estate transactions
316-322 East 149th Street (between Morris and Courtlandt Avenues)
This two-story, 12,000-square-foot building in the Mott Haven neighborhood was built in 1931. It contains 15 office units on the second floor, eight of which are occupied by local businesses, and six retail units on the ground floor. These are occupied by a pharmacy, a beauty supply store, a tax and passport specialist, a cell phone shop, a tattoo parlor and a nail salon.
Buyer: 316 East 149th Street LLC
Seller: Maria D’Onofrio
Broker: Matthew Sparks of GFI Realty Services
1490 and 1497 McDonald Avenue (at Avenue M)
These two single-story warehouses in the Midwood neighborhood sit across from each other and are separated by the above-ground F-rail tracks. 1490 McDonald Avenue, built in 1928, has 29,500 square feet of storage space and 2,000 square feet of mezzanine office space; 1497 McDonald Avenue, built in 2006, has 5,750 square feet of space, most of it used for storage. The buildings were used by McDonald Metal & Roofing Supply. The Allure Group, which operates rehabilitation centers in Brooklyn and Harlem, plans to use them for storage and flexible office space.
Buyer: Allure Group
Brokers: Bobby Lawrence and Jermaine Pugh of B6 Real Estate Advisors
$67,200 approximate annual rent
1980 Amsterdam Avenue (at West 158th Street)
Pizza Hut signed a 10-year lease for approximately 1,100 square feet of ground floor space, plus a 900 square foot basement, in the six-story, 12,375 square foot building in Washington Heights . The building, which was constructed in 2018, also includes 14 apartments and another commercial space, occupied by KinesioWorks Physical Therapy.
Tenant: pizza hut
Tenant Broker: Bruce Herman of Booth Capital Advisors
Owner: 1980 Amsterdam Avenue Association
Owner’s Broker: Tom Brady by Douglas Elliman