Recent commercial real estate transactions in New York.
By Kristen Bayrakdarian
407 Adelphi Street (between Fulton Street and Greene Avenue)
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
604 Fifth Avenue (between West 48th and West 49th Streets)
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
$108,000 approximate annual rent
315 Bleecker Street (at Grove Street)
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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