Recent Commercial Real Estate Transactions
800 Avenue H (between East Eighth and East Ninth Avenues)
This six-story, 76,438-square-foot building in the Midwood neighborhood was built in 1938. It has 67 residential units, including studios and one-bedroom and two-bedroom apartments.
Buyer: Albert Srour
Seller: 800 Avenue H
Brokers: Shaun Riney, Peter Von Der Ahe, Joe Koicim, Daniel Greenblatt, Mark Zarrella and Zalman Yarmush of Marcus & Millichap
$225,375 approximate annual rent
110 West 40th Street (between Avenue of the Americas and Seventh Avenue)
Morimoto Management, the management arm of the chef Masaharu Morimoto, signed a seven-year lease for a 3,005-square-foot space on the second floor of this 26-story building in Midtown Manhattan. Morimoto Management will move into the space this month and use it for executive offices. Other tenants in the building, built in 1914, include the luxury watchmaker Movado Group and Crisp Restaurant.
Tenant: Morimoto Management
Landlord: One Ten West Fortieth Associates
Brokers: David Levy and Brett Maslin of Adams & Company
307 City Island Avenue (at Fordham Street)
This two-story, 4,500-square-foot building on City Island has one commercial unit and two residential units. The commercial unit has been a grocery store for more than 50 years, and is one of only a handful of grocery stores on the island. The apartments are a three-bedroom and a one-bedroom. The property will be delivered vacant.
Seller: Connie’s Grocery
Brokers: Jonathan Squires, Addison Berniker, Michael Fioravanti, Josh Neustadter and Shayne Soltan of Cushman and Wakefield