Recent Commercial Real Estate Transactions

Recent Sale

$10.85 MILLION

1340 Lafayette Avenue, 749 Whittier Street and 745 Whittier Street (between Longfellow Avenue and Drake Street)

The Bronx

Wildflower, the company behind Robert De Niro’s Wildflower Studios in Queens, bought this industrial site in Hunts Point from a Long Island company. The sites were last purchased for about $2.3 million in 2003, according to property records. The lots total 55,000 square feet and allow for 110,000 square feet of buildable space.

Buyers: Adam Gordon, Raphael De Niro and David Johnson of Wildflower

Seller: Lanteri family

Brokers: Robert Khodadadian and Daniel Shirazi of Skyline Properties

Recent Sale

$1.9 MILLION

125 and 127 Webster Avenue (between Seton Place and Ocean Parkway)

Brooklyn

Built in 1932, these adjoining buildings in the Kensington neighborhood contain 10 two-bedroom apartments and two one-bedroom apartments. Held by the same family for several decades, the property last sold in 1971. All 12 apartments are occupied.

Buyer: Russell Hashem

Seller: Joseph Genovesi

Brokers: John Brennan and Samuel Finkler of Marcus & Millichap

For Sale

$28 MILLION

712-726 Southern Boulevard (between Leggett Avenue and East 156th Street)

The Bronx

This development site in Hunts Point comprises two lots. The 18,600-square-foot building at 712-724 Southern Boulevard, which was built in 1931 and last sold in 2016, houses two auto body shops. The 23,075-square-foot building at 726 Southern Boulevard, which was built in 1925 and last sold in 2009, is vacant. The properties are being marketed as a community facility development site with about 279,292 square feet of buildable space.

Sellers: 712 Southern and 729 Bruckner

Brokers: Ayall Schanzer and Matthew Ledvina of Greiner-Maltz Real Estate

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