• Thu. Dec 1st, 2022

Recent commercial real estate transactions

ByWillie M. Evans

Feb 15, 2022

$1.2 MILLION

287 Court Street (between Douglass and Degraw streets)

brooklyn

Built in 1931, this three-story, 2,688-square-foot building in Cobble Hill features a commercial unit on the ground floor and a rent-stabilized three-bedroom duplex apartment on the upper floors. The commercial unit was previously occupied by Seoul Tailors, but was delivered vacant along with the apartment.

Buyer: The Yao family

Seller: The Smith family

Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates and Daniel Shawah of Bestreich Realty Group

$1.825 MILLION

431 DeKalb Avenue (at Classon Avenue)

brooklyn

This four-story, 8,000-square-foot building in Bedford Stuyvesant was built in 1905 and features two commercial units and six rent-stabilized three-bedroom apartments. A grocer occupies one of the sales areas. The other commercial premises and two apartments were vacant at the time of the sale. The property was last sold in 1984 and includes two parking spaces.

Buyer: 431 De Kalb

Seller: The Cascetta family

Brokers: Josh Lipton and Andrew Levine of Invictus Property Advisors

$13.195 MILLION

1737 Pilgrim Avenue (at Westchester Avenue)

The Bronx

Built in 1929, this five-story, 50,855-square-foot building in Pelham Bay has two commercial units and 65 apartments: 48 one-bedroom, 15 two-bedroom, a studio and a concierge unit. Fifty-one apartments are rent-stabilized, one rent-controlled and 13 on the free market. A laundromat and print shop occupy the retail spaces, and the building is fully occupied. The property also includes a courtyard.

Seller: Tered Realty 1737-39 Pilgrim LLC

Brokers: Marco Lala, Jack Lala, Michelle Lala and David Raciti of RM Friedland