Saturday , 6 June 2020
Breaking News

Recent Commercial Real Estate Transactions

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



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



29 East 10th Street (between University Place and Broadway)


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