Business

Recent Commercial Real Estate Transactions


$2.175 MILLION

407 Adelphi Street (between Fulton Street and Greene Avenue)

Brooklyn

Built in 1901, this three-story 3,520-square-foot townhouse in Fort Greene has three two-bedroom apartments, a basement and a backyard.

Buyer: Gareth Hughes

Buyer’s Broker: Eric Sidman of Compass

Seller: OAC Adelphi

Seller’s Broker: Anand Melwani of ARM Real Estate Group

Credit…Riese Organization

$45 MILLION

604 Fifth Avenue (between West 48th and West 49th Streets)

Manhattan

Designed in 1925 by William Van Alen, the architect of Chrysler Building, this six-story building in Midtown housed a TGI Friday’s for the past 20 years. The Riese Organization, which has owned the property since 1981, sold it to Kemmei Okada, president of the Japanese confectionery chain Minamoto Kitchoan.

Buyer: Kemmei Okada

Seller: Riese Organization

Brokers: Adelaide Polsinelli of Compass and Michael Coghill of Adirondack Capital Partners

$166/SQ. FT.

$108,000 approximate annual rent

315 Bleecker Street (at Grove Street)

Manhattan

Hungry Ghost Coffee will lease a 650-square-foot space in this three-story building, which was built in 1910 in Greenwich Village. The coffee shop is set to open this spring.

Tenant: Murat Uyaroglu

Tenant’s Broker: Daniel D. DePasquale of Katz & Associates

Landlord: Partnership under 50 Grove Street Associates

Landlord’s Broker: Caleb Petersen of Newmark Knight Frank



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