Commercial Sales in Brooklyn

FLATBUSH $7,157,000
223 Linden Boulevard, 199 Linden BoulevardGMAP
Urban American, which became a big player on the Brooklyn rent-stabilized scene after its $250 million King & Queens portfolio purchase last fall, sold these two buildings. Each property has 145 units, and 223 Linden is rent-stabilized (we’re not sure about 199 Linden). The address of the LLC that bought the properties is the same as the one on record for colorful landlord/developer Baruch Singer and his company Triangle Management.
Boerum Hill $17,240,000
75 Smith Street GMAP
Hersha Hospitality Trust‘s purchase of the hotel portion of Shaya Boymelgreen’s The Smith was recorded in city records last week. Hersha says it’s going to spend $6 million finishing the property and open it as “The Nu.”
Feb 13, 2012 | 10:33 AM