Supported by
Recent Commercial Real Estate Transactions
RECENT SALE
$8.3 MILLION
2-4 Macon Street (at Arlington Place and Fulton Street)
Bedford-Stuyvesant, Brooklyn
A local private investor has bought this mixed-use five-story block-through walk-up, right, which has been the backdrop for several movies including Spike Lee’s “Crooklyn.’’ There are 22 rent-stabilized apartments, 20 two-bedrooms and two one-bedrooms, as well as ground floor retail spaces occupied by a grocery, sneaker shop and pharmacy, whose entrances are on Fulton Street. The building, which sold for 17.7 times the rent roll, offers a cap rate of 4.3 percent.
Buyer: MT Macon
Seller: 2 Macon Street Associates
Brokers: Matt Cosentino, Eric Satanovsky and Fred Bijou, TerraCRG
RECENT LEASE
$25/SQ. FT.
$62,500 approximate annual rent
20-22 Commerce Street (between Columbia and Richards Streets)
Red Hook, Brooklyn
Shape Studio, a designer and fabricator specializing in custom architectural metalwork and furniture, has signed a five-year lease, with a five-year option to renew, for a column-free 2,500-square-foot space in this brick frame warehouse built around 1924. The building offers 19-foot ceilings and a 20-foot-wide drive-in loading area. The other half of the 50-by-100-foot warehouse is vacant.
Tenant: Jason McDonald doing business as Shape Studio
Landlord: 20-22 Commerce Street
Brokers: Luther Hines and Ilia Fedorov, Ideal Properties Group
FOR LEASE
$275/SQ. FT.
$536,250 approximate annual rent
28 Bond Street (between Lafayette Street and the Bowery)
Manhattan
A five-to-15-year lease is available starting Dec. 1 for a 1,950-square-foot ground floor space, with a 1,500-square-foot usable lower level in this 1857 Italianate-style four-story brick walk-up in the NoHo Historic District Extension. Oak, a clothing shop, is in the space, which also offers 23 feet of frontage.
Owner: Saada M. Roberts
Brokers: Brad Cohen and Jon Kamali, Eastern Consolidated
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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