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Alex Adjmi’s A&H Acquisitions buys Crown Heights industrial complex

first_img4. Adam Semler picked up two mixed-use buildings spanning a combined 22,800 square feet in Nolita for $17.7 million. The buildings are at 240 Mulberry Street and 196 Elizabeth Street. The seller was David Moore, according to the Department of Housing Preservation and Development.5. Alex Adjmi’s A&H Acquisitions Corp. paid $15.2 million for a 30,600-square-foot Crown Heights industrial building at 73-97 and 73-99 Empire Boulevard, and McKeever Place. The seller was a family trust.6. The Loketch Group bought a 36-unit, 16,300-square-foot apartment building at 1010 Bedford Avenue in Bedford-Stuyvesant for $14.2M. Pincho Loketch signed for the buyer. The seller was Jacob Sofer, who purchased the property in 2020 from All Year Management. The address is also known as 261 Skillman Street.7. A limited liability company affiliated with Quality Building Services purchased an 18,700-square-foot industrial building at 21-21 44 Road in Hunter’s Point in Long Island City, for $10 million. Roberta Chaplin, Suzanne Alenick, Michelle Shore and Con-Dea Realty LLC were the sellers.8. Gadi Ben Hamo purchased two parcels spanning a combined 35,300 square feet at 144-02 and 144-20 Hillside Avenue in Jamaica, Queens, for $10 million. The seller was a family trust.Contact Orion Jones Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Industrial Real EstateInvestment SalesMultifamily Market Full Name* Share via Shortlink Email Address* 1240 Morrison Avenue in Soundview, 1769 86th Street in Bensonhurst and 73-99 Empire Boulevard in Crown Heights (Google Maps)Alex Adjmi’s A&H Acquisitions bought a Crown Heights warehouse, one of eight mid-market investment sales in the city last week.Adjmi — who received a presidential pardon on Donald Trump’s last day in office in January — paid $15 million for the complex.Overall, the eight deals in the city totaled $127 million, and included three industrial complexes and two multifamily buildings. The total was far higher than the previous week’s $90 million for four properties. Mid-market deals cover investment sales between $10 million and $30 million.In the latest tally, Brooklyn and Queens each notched three sales, while Manhattan and the Bronx had one each.Here are more details of last week’s deals, ending April 30.ADVERTISEMENT1. A joint venture affiliated with Yechiel Newhouse paid $24.4 million for a 154-unit, 147,000-square-foot apartment building at 1240 Morrison Avenue in the Soundview section of the Bronx. Stellar Management was the seller.2. American Self Storage sold a 116,000-square-foot warehouse at 47-20 Dutch Kills Street in Sunnyside, Queens, for $18.1 million. The buyer was a joint venture between Clayton Gentry’s 21st Century Storage and St. Louis-based investor Alitus Partners.3. A New York limited liability company purchased a 33,600-square-foot retail building at 1769 86th Street in Bensonhurst, Brooklyn, for $18 million. Tim Ziss of Allied Properties put the building into bankruptcy in October 2020 after purchasing it for $10.7 million in 2017 from Santander Bank.Read moreManhattan office properties trade at a discount Self-storage company buys dev site from Home Depot Bulk condo deal leads Manhattan’s mid-market i-sales Tags Message*last_img read more