Gemini Real Estate Advisors

Here’s what the $10M上海贵族宝贝

-$20M investment sales market looked like last week Gemini sells Midtown hotel; Criterion nabs Astoria 新爱上海同城对对碰论坛

office building

From left: 442 West 3阿爱上海同城

6th Street, Shibber Khan and 28-18 Steinway Street

1.) Gemini Real Estate Advisors sold the Quality Inn Midtown West at 442 West 36th Street for $18.5 million. The sale appears to be a loss for Gemini, w上海龙凤论坛sh1f

hich paid $18.8 million to acquire the hotel eight years ago. Jin Sup An, the owner of the East Houston Hotel on the Lower East Side and GEM Hotel near Hudson Yards, is the buyer.

2.) Shibber Khan’s Criterion Group snapped up an office-and-retail building in Astoria for $12.5 million from the Malachite Group. The building at 28-18 Steinway Street has 12 commercial units totaling 24,600 square feet. It’s home to several medical offices and law firms, and is sandwiched between a pair of low-rise commercial buildings along Steinway. Malachite paid $7.5 million for the four-story building a decade ago. Criterion is also looking to sell a a 253,000-square-foot development site in Long Island City, as The Real Deal repor上海龙凤论坛sh1f

ted in August.

(Source: ACRIS data for closed sales between Nov. 7-13, and Reonomy data)

Tags: Investment Sales
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