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Recent Commercial Real Estate Transactions
RECENT SALE
$4.1 MILLION
148 Seventh Avenue (between Garfield Place and Carroll Street)
Park Slope, Brooklyn
A private investor has bought this 5,200-square-foot, four-story building in the heart of Park Slope. It has three market-rate three-bedroom floor-throughs, as well as a retail space occupied by Sterling Place, a home décor, furniture and gift shop. The cap rate is 3.83 percent.
Buyer: 148 Seventh L.L.C.
Sellers: Cindy Chang, Yong Chang and Hyon Mi Chang
Seller’s Brokers: Derek Bestreich, Toby Waring, Luke Sproviero, Adam Lobel and Christopher Manno Jr., Bestreich Realty Group
RECENT SUBLEASE
$65/SQ. FT.
$281,190 approximate annual rent
276 Fifth Avenue (between West 29th and 30th Streets)
Manhattan
Sociomantic Labs, a Berlin-based advertising technology company, has signed a three-year lease for a 4,326-square-foot space on the eighth floor of this 11-story office building in NoMad. The building, which offers key-card access, a lobby attendant and freight elevators, was originally the Holland House hotel, which opened in 1891.
Subtenant: Sociomantic Labs
Subtenant Brokers: Alan Bonett and Bradley Cohn, Adams & Company
Sublandlord: Accela Inc.
Landlord: 3 W 35th Street Company
Sublandlord and Landlord Brokers: Christel Engel and Robert Gallucci, Colliers International
FOR SALE
$10.95 MILLION
310 West 92nd Street (between West End Avenue and Riverside Drive)
Manhattan
This vacant 20-foot-wide, five-story 1901 Beaux-Arts-style limestone townhouse, with a newly installed elevator, is configured into seven apartments: a duplex on the parlor and basement levels with access to a garden, along with another two-bedroom, two one-bedrooms and three studios on the upper floors. The 9,720-square-foot property sits on a tree-lined street in the Riverside Drive-West End Historic District across from West Side Montessori School.
Seller: Sanford L. Smith
Brokers: Chad Ian Sinsheimer and Joseph Richter, Eastern Consolidated, and Leonard Steinberg, Compass
The credit for the Transactions column on the Square Feet page on Wednesday misspelled the surname of the writer in some copies. She is Rosalie R. Radomsky, not Radomski.
How we handle corrections
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.
For most, the down payment is the primary hurdle keeping them from buying a home, but you may have options.
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.
To those looking to buy property as an investment, a tenant-occupied apartment can be appealing. Weigh the pros and cons carefully.
Bad credit? No savings? There are still ways for you to buy a home.
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