Recent commercial real estate transactions

$ 5.3 MILLION

68 Middagh Street (between Hicks Street and Henry Street)

Brooklyn

This 9,156 square foot, five story apartment building in Brooklyn Heights was constructed in 1900 and has 11 apartments: two studios and nine two bedrooms. Five of the apartments are rent stabilized and two are vacant.

Buyer: 177 Limited partnership of water

Seller: 68 Middagh Street LLC

Brokers: Michael Salvatico, Robbie Ferman and Shaun Riney of Marcus & Millichap

$ 27 MILLION

792 Place Sterling (between avenues Rogers and Avenida Nostrand)

Brooklyn

Built in 2009, this five-story, 61,000 square foot Crown Heights building has 82 apartments: 30 studios, 34 one bedroom and 18 two bedrooms, all at stabilized rents. The building is fully occupied and includes a laundry room, a fitness room and a 58-space parking lot.

Seller: Sterling Place Condo

Broker: Lev Mavashev of Alpha Realty

$ 43.5 MILLION

251-73 Jericho Turnpike (at Little Neck Parkway)

Queens

This 80,102 square foot four-story building in Bellerose was constructed in 2018 and has 16 business units. The building is 98 percent leased, with key tenants including Planet Fitness, Children of America, Tiger Schulmann’s, SightMD, Northwell Health, and Finesse Dental Lab.

Seller: Jericho Holdings

Brokers: Stephen R. Preuss, Kevin Schmitz, Kevin Louie and Andreas Efthymiou of Ripco Real Estate