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Recent Commercial Real Estate Transactions

$9 MILLION

54-56 West 31st Street (between Broadway and Avenue of the Americas)

Manhattan

This 6,620-square-foot package of two three-story buildings in Koreatown was formerly home to O’Reilly’s Pub. The buildings, which have 18,572 square feet of available air rights, were delivered vacant. The sale was the first in 40 years for the buildings.

Buyer: Ken Lee

Seller: Joyce and O’Reilly families

Broker: Alan Stenson of Brax Realty

$1.85 MILLION

31 Orient Avenue (between Metropolitan Avenue and Olive Street)

Brooklyn

Built in 1899, this three-story 4,400-square-foot residential building in East Williamsburg has three two-bedroom apartments. It was last sold in May 2018.

Buyers: Samuel Blank and Paul Caine of Blank Property Group

Seller: Jan Perrone

Brokers: Donal Flaherty, Derek Bestreich, and Luke Sproviero of Bestreich Realty Group

$5.6 MILLION

122-01 22nd Avenue (between College Point Boulevard and 123rd Street)

Queens

This 17,143-square-foot, three-story building in College Point was built in 2011. It is occupied by a laundromat and offices and has two three-bedroom apartments. The property can be delivered vacant.

Seller: Chon Properties

Brokers: Julia Maksimova and David Workman of Keller Williams NYC

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