On the Market: 5 Interesting Listings for the Week of 11/27
This week's listings include a '20s-era property in the heart of New York's East Village and a spacious, extensively remodeled community in San Diego.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Medlock West
Location: Phoenix
Price: $3.4 million
Building Size: 22,146 SF
Units: 20
Year Built: 1959
Features: Mid-century apartment community located in Uptown Central Phoenix; features hardwood flooring on the second story and polished concrete on the first floor, which overlooks a landscaped courtyard and pool; property offers one-, two- and three-bedroom apartments; interior finishes include new tubs and bathroom vanities, electric or gas stoves, dishwashers, garbage disposal and oversized windows.
Contact: Brian Tranetzki, Taylor Street Real Estate, 602-603-9755
94-96 Avenue A
Location: New York
Price: $13.5 million
Building Size: 8,896 SF
Units: 11
Features: Built in 1920; location has Walk Score and Transit Score of 100 percent; located in East Village with ground-level commercial retail, currently the Side Walk Cafe; possibility of construction of an additional story; lot size of 2,763 SF.
Contact: Jason Misrahi, Misrahi Realty, 561-859-9696
Crocker House
Location: New London, Conn.
Price: $7.9 million
Building Size: 102,103 SF
Lot Size: .65 acres
Units: 81
Features: Property is the result of converting the 1872-built Grand Hotel into 81 apartment units, seven ground-floor retail spaces a ballroom facility; unit mix comprised of 22 studios, 54 one-bedroom and five two-bedroom apartments; amenities include fitness center, courtyard, and views three blocks from the waterfront; located near shops, restaurants, art galleries, ferry and beach access.
Contact: Rick Chozick, Chozick Realty, 860-247-7400
Trojan Apartments
Location: San Diego
Price: $2.9 million
Building Size: 7,592 SF
Lot Size: 0.14 acres
Units: 12
Features: Extensive remodeling within past year includes new exterior paint, windows and awnings, updated landscaping, low-voltage landscape lighting and low-flow toilets and shower heads; all units have dishwashers, microwaves and new vinyl plank flooring; unit mix consists of nine two-bedroom/one-bathroom and three one-bedroom/one-bathroom units; six garages and four additional parking spaces that provide extra rental income.
Contact: Benn Vogelsang, South Coast Commercial, 619-794-0381
Sunburst Court
Location: Medford, Ore.
Price: $6.8 million
Building Size: 50,000 SF
Lot Size: 0.76 acres
Units: 52
Features: Washer/dryer hookups and garages for each apartment; low tenant turnover with more than 60 percent long-term residents; quiet location with close proximity to grocery stores, restaurants and more; well-maintained property.
Contact: Brian Dircks, Nicolan, 623-910-7609
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