A private hotel investor and operator bought the Grand Motor Inn, at 72-51 Grand Avenue in Queens, for $7.5 million. CreditGregg Vigliotti for The New York Times
Blue Dog Cafe has signed a two-year lease, with an option for an eight-year extension, for a 2,500-square-foot ground floor space in this five-story commercial building, built around 1900 in Gramercy Park. The space, to be the cafe’s fifth Manhattan location, is fully vented and has a full kitchen, two walk-in refrigerators and a bus stop right outside. Blue Dog received two months rent-free for its build-out, and no key money was required. The former tenant was a Pure & Fresh fast-food restaurant.
Tenant: Blue Dog Cafe
Tenant Brokers: Albert J. Manopla, Kassin Sabbagh Realty
Landlord: Christos Realty
Landlord Brokers: Chris Salizzoni and Jean Bates, Capital Real Estate Advisors
RECENT SALE
$7.5 MILLION
Grand Motor Inn
72-51 Grand Avenue (at 73rd Street)
Maspeth, Queens
A private hotel investor and operator has bought this 1931 two-story, 17,108-square-foot 44-room motel, with parking for up to 14 cars in the rear.
Buyer: Unified Hotel Group
Seller: Elmore Associates L.P.
Brokers: Amit Doshi and Ron Cohen, Besen & Associates
FOR SALE
$3.25 MILLION
29 East 10th Street (between University Place and Broadway)
Manhattan
A 2,000-square-foot vacant ground floor retail condominium, with a 1,000-square-foot usable basement, is available in this eight-story Greenwich Village mixed-use condominium with floor-through apartments. The space offers over-20-foot ceilings and dark wood floors. Monthly maintenance is $1,545, with taxes running $59,974 a year. The previous tenant was an antiques shop.
Seller: Malcolm Slive
Broker: Glenn Raff, Alpha Realty
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