By ROSALIE R. RADOMSKY
October 6, 2015
RECENT SALE
$5 MILLION
5 East 17th Street (between Fifth Avenue and Union Square West)
A real estate investment firm has bought a 7,000-square-foot office loft condominium in the Flatiron district with high ceilings on the second floor of this 1920 eight-story mixed-use building. Fifth Avenue Counseling Center, a nonprofit specializing in marriage counseling, recently signed a 10-year lease for the space, which the center is renovating.
Buyer: SSM of New York
Buyer’s broker: Vlad Sapozhnikov, Oneworld Property Advisors
Seller: 17th Street Venture
Seller’s broker: Peter Waters, Kenart Realties
RECENT LEASE
$50/SQUARE FOOT
$60,000 approximate annual rent
631 Fifth Avenue (between 17th and 18th Streets)
Park Slope, Brooklyn
A Mexican sandwich restaurant has signed a 10-year lease for 1,200 square feet on the ground floor of this two-story building. The restaurant will open this fall.
Tenant: El Nopal Restaurante
Landlord: 631 Fifth Avenue L.L.C.
Brokers: Alexander McQuilkin and Nigel Shamash, 5CRE
FOR SALE
$11.5 MILLION
12 West 19th Street (between Fifth Avenue and Avenue of the Americas)
Manhattan
This four-story mixed-use walk-up features two retail units and three renovated free-market loft-style apartments. The 5,050-square-foot building also has about 17,950 square feet in air rights. One vacant retail unit, previously occupied by a hardware store, is two steps below grade. The second floor retail unit, with floor-to-ceiling windows and about 12-foot-high ceilings, is occupied by Idlewild Books. The building also has a 25–by-38-foot rear garden.
Owner: 12 W 19 St Corporation
Brokers: Ronda Rogovin and Noah Buchwald, Eastern Consolidated