Sky Administration Buys In Greenwich Village


240 Sullivan Street and Sky Management’s Jonathan Ohebshalom (Sky Management, Google Maps, iStock)

240 Sullivan Road and Sky Administration’s Jonathan Ohebshalom (Sky Administration, Google Maps, iStock)

Final week was a quiet one for mid-market funding gross sales in New York Metropolis regardless of what has in any other case been a busy month of dealmaking.

4 transactions involving industrial properties between $10 million and $40 million hit metropolis information throughout the week.

Three had been accomplished in Manhattan and one in Brooklyn. Beneath is every transaction, ranked by greenback quantity.

1. Frank Wong’s Wong Brothers Realty offered a warehouse and improvement constructing at 6201 sixth Avenue in Sundown Park for $21.4 million to an entity linked to builders Jiashu Xu and Ki Tai Yeung. In-built 1922, the warehouse spans three flooring throughout virtually 74,000 sq. ft. It final offered in 2004 for $6 million.

2. An entity linked to Francis Greenburger’s Time Equities offered a mixed-use constructing at 240 Sullivan Road in Greenwich Village for $17 million to an LLC with ties to Jonathan Ohebshalom’s Sky Administration. In-built 1902, the 14,700-square-foot property has 26 models throughout seven flooring. It final offered in 2003 for an undisclosed quantity.

3. An LLC linked to Icon Realty Administration offered an condominium constructing at 51 West eleventh Road in Greenwich Village for $16.3 million to a Nantucket, Massachusetts–primarily based entity referred to as 51 West eleventh Road LP. Lawyer Man Arad signed for the customer. In-built 1852, the 8,600-square-foot property has 19 models throughout 4 flooring. Icon bought the property for $8.5 million in 2016.

4. An entity linked to investor Robert Yaffa offered an condominium constructing at 596 Edgecombe Avenue in Washington Heights for $10.1 million to an LLC with ties to Efrem Harkham’s Harkham Ventures. In-built 1928, the 46,500-square-foot property consists of 48 models throughout six flooring. It final offered in 2008 for an undisclosed quantity.



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