This Week's NY Deal Sheet
Chocolate is coming to Brooklyn Navy Yard, and Anbau Enterprises bought three buildings along East 3rd Street for $58M. Here are the week's top deals in leases, sales and financing.
TOP LEASES
Chocolate-maker Mast Brothers has signed a 15-year deal for 65k SF at the Brooklyn Navy Yard, taking the last of the space at the Yard’s Green Manufacturing Center. The asking rent was not immediately clear. Douglas Elliman Commercial’s Irene Nickolai and Thomas Hochfelder repped the tenant. It was unclear if a broker repped the Brooklyn Navy Yard Economic Development Corp or not.
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Womenswear retailer Madewell has signed a 10-year deal for 60k SF at 30-30 47th Ave in Queens, better known as The Factory. Asking rents in the building are roughly $40/SF. NGKF’s Brian Waterman, Howard Kessler and Jordan Gosin repped the landlord, a partnership between Atlas Capital Group, Mile Capital Group and Invesco Real Estate. Savills Studley’s David Goldstein and Gabe Marans repped the tenant.
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Fortune 500 data storage firm NetApp has signed a 10-year deal for 18k SF at RFR Realty’s 285 Madison Ave. The asking rent was $78/SF. JLL’s Alexander Chudnoff and Matthew Astrachan repped the tenant, while another JLL team consisting of Alexander, Mitchell Konsker, Dan Turkewitz and Diana Biasotti repped the landlord, along with RFR’s AJ Camhi.
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Tech startup Boxed has signed a seven-year lease for 13k SF at Crale Realty’s 451 Broadway in Soho. Asking rent was in the $70/SF range. Savills Studley’s Zev Hollman repped the tenant, while KRW Realty’s Kevin Wang repped the landlord.
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Auditing and professional services firm PricewaterhouseCoopers has signed a 17-year deal for 240k SF at Vornado’s 90 Park Ave, bringing its total NYC footprint to roughly 1.2M. A source tells Bisnow asking rents in the building are in the mid-$70/SF range. CBRE’s Timothy Dempsey and Greg Maurer-Hollaender repped the tenant, while Vornado’s Josh Glick, Andrew Ackerman and Jared Silverman repped the landlord in-house.
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Property and casualty insurer Chubb has signed an eight-year lease for 46k SF of additional space at Durst Organization’s 1133 Avenue of the Americas, bringing its total footprint at the building to 184k SF. Asking rents for the floors Chubb is on are between $77/SF and $93/SF. JLL’s Martin Horner and Pam Klyn repped the tenant, while Durst’s Tom Bow and Rocco Romeo repped the landlord in-house.
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Office furniture-maker Office Resources is subletting 11k SF from Tremor Video on the eighth floor of The Paramount Building at 1501 Broadway. Neither the asking rent nor the term was immediately clear. CBRE’s Michael Liss repped the tenant, while CBRE’s Christopher Corrinet, Jared Isaacson and Sacha Zarba repped Tremor.
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Theater magazine Playbill has signed a 10-year lease for 11k SF at Himmel + Meringoff Properties’ 729 Seventh Ave. The asking rent was not immediately clear. Savills Studley’s Jarod Stern and John Harte repped the tenant, while H + M’s Jason Vacker and David Cohen repped the landlord in-house.
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Film production firm The Documentary Group has signed a 10-year deal for 9,300 SF at Adams & Co’s 114 West 26th St. The asking rent was not immediately clear. CBRE’s Alex Kantor and Adam Leshowitz repped the tenant, while Adams’ Michael Beyda, Jeff Buslik and David Levy repped the landlord in-house.
TOP SALES
Anbau Enterprises has purchased three apartment buildings—54, 58 and 50 East 3rd St—from GRJ, a fund co-founded and co-managed by brothers Graham and Gregory Jones, for $58M.
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Akelius Real Estate has purchased the six-building Clinton Hill multifamily complex at 379 Washington Ave, better known as Mohawk Apartments, for $57M from Abe Shnay, who now runs SK Development.
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Developer Matthew Adell has purchased the townhouse at 27 East 79th St from an entity listed as 27E79 Property LLC for $28M. The five-story townhouse is just three doors down from former Mayor Michael Bloomberg’s mansion at 17 East 79th St.
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Doron Pergament has purchased the 126-unit Metroplex on the Atlantic condo complex at 120 Beach 26th St in Far Rockaway from Elzbieta Mielczarek for $28M in a foreclosure auction.
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Hubb NYC has purchased the luxury rental building at 99 Suffolk St from an entity listed as 99 Suffolk Group LLC for roughly $25M.
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An entity listed as ESS-H Baychester Associates LLC has purchased 3450 Baychester Ave in the Bronx from Baychester Storage for $23M.
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Brooklyn condo developer Flank has purchased 70 and 72 Grand St, along with 314-326 Ave, all in Williamsburg, from the Gorlick Family for roughly $22M. The move comes after Flank's recent purchases of a string of nearby properties.
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Sierra Assets Group has purchased the 12-story office building at 160 East 56th St for $18.7M following a legal dispute between its owners, which include David Associates.
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Entities listed as FBE 404 Pinter Street LLC, 404 Pine Investors LLC and MP 404 LLC, which, The Real Deal reports, appear to be linked to two different buyers, have purchased the Brooklyn SNAP center at 404 Pine St for $18.5M from Jeffrey Bresner.
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Ved Parkash has purchased the 72-unit mixed-use building at 2691 Reservoir Ave in the Bronx from an unknown seller for $17.3M.
Sales data courtesy of Reonomy.
TOP FINANCING DEALS
The Related Cos have secured a $150M loan from Wells Fargo to refinance its 52-story rental tower at 105 Duane St.
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Sunstone Associates has secured a $50M loan from Bank of New York Mellon for the property at 888 8th Ave.
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An entity listed as 10 Union Square LLC has secured a $50M loan for 1 Irving Place, better known as the Zeckendorf Towers, from MetLife.
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Yoel Goldman has secured a nearly $42M loan from an entity listed as JTB 930 VI LLC for the property at 123 Melrose St, part of Yoel’s ongoing assemblage at the former Rheingold Brewery site.
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Anbau Enterprises has secured a nearly $38M loan from Customers Bank for the property at 58 East 3rd St, which it recently acquired alongside two neighboring apartment buildings.
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An entity listed as 2100 49th Ave has secured a nearly $33M loan from TPG RE Finance 2 LTD for a property listed as “21 St” in Queens.
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An entity listed as 315 Associates LLC has secured a $32M loan from Signature Bank for the property at 315 West 39th St.
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Simon Baron Development has secured a $28M loan from Signature Bank for its rental development at 166 West 75th St.
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ABS Real Estate has secured a $25M loan from RCG LV Debt V REIT LP for its condo building at 189 Avenue C.
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Doron Pergament has secured a $24M loan from Calmwater Capital for it recent purchase of the condo complex at 120 Beach 26th St in Far Rockaway.
Financing data courtesy of Reonomy.
