May 14, 2018

Here’s what the $10M-$20M NYC investment sales market looked like last week

In the world of mid-market New York City investment sales last week, developer Peter Fine closed the first deal in the wake of the Bronx’s Jerome Avenue rezoning and Greytone Development sold the Brooklyn Lyceum in Park Slope.

2.) Greystone Development sold the Brooklyn Lyceum in Park Slope to an unnamed buyer for $10 million. The landmarked Brooklyn bathhouse, located at 227 Fourth Avenue, was first built in 1910 as the Public Bath No. 7. After preserving the neo-classical structure with the help of Daniel Goldner Architects and Walter B. Melvin Architects, Greystone converted the property into a Blink Fitness location. Terra CRG’s Ofer Cohen represented Greystone. The buyer, meanwhile, was represented by Sterling Project Development’s Brian Flanagan.

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