June 12, 2019

Here’s what the $20M-$30M NYC investment sales market looked like last week

For $26 million, Classon Management LLC took on a new mixed-use development at 1007 Atlantic Avenue in Clinton Hill. The eight-story rental building, whose residential and commercial space were sold by an entity tied to Yosef Ariel’s Sterling Town Equities, has 50 apartments and commercial space on the first floor. Ofer Cohen, Matt Cosentino and Fred Bijou of TerraCRG brokered the sale. Further west, Sterling Town acquired 542 Atlantic Avenue, a two-story commercial property in Boerum Hill, for $27.5 million last year.

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