Recent Commercial Real Estate Transactions

Posted by Staff Reporter on Oct 04, 2018 08:07 PM EDT
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(Photo : Flickr | Michael Smith Imagery)



245 East 30th Street (between Second and Third Avenues)


This newly renovated six-story walk-up, with 50 feet of frontage along a tree-lined street in the Kips Bay area, offers 30 apartments - nine four-bedrooms, 12 three-bedrooms and nine two-bedrooms - of which 25 are free market, four are rent-stabilized and one is rent-controlled. The 20,892-square-foot building also has a roof deck, a video intercom and a laundry room. The cap rate is about 4.6 percent.

Seller: 245 East 30th Street Investors

Brokers: Greg Corbin and Aaron Kline, the Corbin Group at Besen & Associates

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