Selling price: $ 27 million
A private entity linked to famous jeweler AVI Davidov acquired the retail possession of 4,620 square feet in Central Midtown. The buyer is affiliated with unspoilt jewelers, near 47one St., and it is unclear whether it will occupy the newly acquired real estate.
A private investor affiliated with 47th Street Diamond Exchange sold the building after he had had it since the 1960s. The Diamond District building with three floors dates from 1930 and comprises 18,480 square feet of unused air rights.
Selling price: $ 12.8 million
CKMR Corp., formerly known as Sloan’s supermarkets, sold the 9,540 square feet of real estate in Harlem to a private investor. The buyer has also provided a loan of $ 14 million provided by JPMorgan Chase.
Dating from 1970, the real estate includes one floor 50,659 square base of unused air rights and currently serves as a location of the CTown supermarkets.
Sales price: $ 11.5 million
Westbridge Realty Group purchased the 8,215 square foot Retail Real Estate in the Kingsbridge district of the Borough from a private seller who is affiliated with the Ashkenazy family. The buyer provided a loan of $ 11.5 million from a private lender.
Plans have been submitted for a residential 12 -storey building with 99 units on the site by Westorchard Management, according to Crain’s New York Business. It is unclear whether the buyer, affiliated with developer Andrea Gjini, will continue with the project. The real estate last changed for 47 million in 2017, dates from 1951 and comprises 34,810 square feet of unused air rights.
Selling price: $ 9.3 million
Civic Builders acquired the 17,281 square base, two -storey shopping building from a private seller. The building was built in 1925 and has been empty in recent years.
Bold Charter appointed the company to redevelop the property in a new permanent school facility that will serve nearly 700 students. The project is expected to be delivered in 2027 and will be supported by several tax exemptions and financing forms, including a loan of $ 9.4 million from the New York City Regional Center and the tax credits for new markets. Moreover, the project includes nearly $ 51 million in tax -free income bonds.
– Posted on July 29, 2025
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