HKS Real Estate Advisors | Preloader

Investment Opportunities

HKS’ Investment Sales Division represents an impressive array of prominent real estate families, institutions, foreign investors, and private investors in transactions that include office and multifamily buildings, portfolios, retail condos, development sites, hotels, and industrial sites. The division is spearheaded by industry veteran Peter Carillo with 20 years of experience in the NYC investment sales sector with nearly $3 Billion in sales to his name. Peter’s clients repeatedly call on him as a creative thinker and an exceptional dealmaker who consistently delivers. HKS Investment sales division provides acquisition, disposition, and real estate advisory services in fee interest, leasehold interest, and partial interest transactions.

Rare Development Opportunity / 354 West 52nd Street

On behalf of ownership, HKS Real Estate Advisors is pleased to present, 354 West 52nd Street for sale. The block-through lot is ideally located on 52nd Street between 8th and 9th avenues in the Clinton-Midtown West neighborhood of Manhattan. The development site is currently operated as a parking lot and measures approximately 9,540 square feet. The residential and community facility FAR is 4.20 providing for a potential floor area of 40,068 square feet. The site has 75 feet of frontage on 52nd Street and 20 feet of frontage on 51st Street.

  • Rare development opportunity in Special Clinton District without CONH Requirement
  • Block through site with 75 feet of frontage on 52nd Street and 201 feet of depth
  • ±40,000 Buildable Square Feet as of right of zoning floor area
  • Exceptional opportunity to deliver condos to a submarket with limited competition now and in the future
  • Ideal location near Times Square, Theatre District and Hudson Yards
  • Transit-Oriented site with access to C E B D and 1 Subway Lines

Asking Price: $16,950,000

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

Astoria Value-Add: 34-55 32nd Street

4-Story Opportunity Zone asset with 7 free-market units and 1 restaurant. All seven apartments are 2 bedroom-2 baths, attracting middle-class young professionals and families. This corner lot retail space is home to New York’s only Welsh restaurant and bar.

  • Average rents are $2,220 in a submarket commanding $2,800-$3,200
  • Near five (5) Subway lines, two blocks away from N, W
  • Tax Class 2B, limiting increases in taxes

Asking Price: $3,900,000

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

Dutch Kills/LIC Opportunity Zone: 32-31 Greenpoint Avenue

Seven (7) unit mixed-use in a Qualified Opportunity Zone. Two buildings on one tax lot in a “Horse and Carriage” configuration. The front building is 3 stories and houses a 1,500 SF vented retail space, perfect for a food-related, grocery, or delivery business. Long Island City, Greenpoint, Astoria, Williamsburg, Sunnyside, and Woodside are all inside of a 15-minute drive.

  • Tax Class 2A, limiting increases in taxes
  • Below Replacement Value
  • Nearby 7 and G Subway lines, as well as LIRR
  • Live + Work Opportunity

Asking Price: $1,350,000

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

Industrial Opportunity Zone, South Bronx

Portfolio of commercial/industrial properties in the South Bronx with proximity to 4, 5, 6 Subway lines as well as the Robert F. Kennedy, 145th Street, Madison Avenue, Third Avenue, and Willis Avenue Bridges. The properties total ± 100,000 square feet with an additional 21,000 square feet of unused development rights or 167,000 square feet of unused development rights with community facility bonus.

  • Unparalleled Last-Mile Logistics Location to Manhattan
  • Opportunity Zone
  • Clear and Timely Path to Vacancy

Asking Price: $30,000,000

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

LIC Opportunity Zone, Ground-Lease or JV Development

Block-thru lot with over 330,000 square feet of development rights. This Qualified Opportunity Zone lot is ripe for taking advantage of the Federal tax benefits provided in exchange for improving the lot and opening new businesses. Zoning permits for construction of Industrial, Office, and Retail.

  • Strategic Location for Last-Mile Logistics
  • Qualified Federal Opportunity Zone
  • Nearby Queensboro plaza Subway Lines F, N, W, 7, E, R

Asking Price: Ownership Seeking Ground Lease and/or Joint Venture Proposals

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

Premier Upper West Side Multifamily: Near Central Park

±70,000 Square Foot multifamily with 50 units. Great investment for a family-office can buy and hold for generations or an Institutional Core-Plus strategy. Premier Upper West Side Location near Central Park near the Subways.

  • 66% are Free Market Units
  • Legal Proven Path to Substantially Increase Rents
  • $2.9M Gross Income
  • 100% Rent Collections During Pandemic

Asking Price: $800 per square foot

Peter Carillo

(212) 254-1600 / pcarillo@hks.com

Rare Development Opportunity / 354 West 52nd Street

On behalf of ownership, HKS Real Estate Advisors is pleased to present, 354 West 52nd Street for sale. The block-through …

Astoria Value-Add: 34-55 32nd Street

4-Story Opportunity Zone asset with 7 free-market units and 1 restaurant. All seven apartments are 2 bedroom-2 baths, attracting middle-class …

Dutch Kills/LIC Opportunity Zone: 32-31 Greenpoint Avenue

Seven (7) unit mixed-use in a Qualified Opportunity Zone. Two buildings on one tax lot in a “Horse and Carriage” …

Industrial Opportunity Zone, South Bronx

Portfolio of commercial/industrial properties in the South Bronx with proximity to 4, 5, 6 Subway lines as well as the …

LIC Opportunity Zone, Ground-Lease or JV Development

Block-thru lot with over 330,000 square feet of development rights. This Qualified Opportunity Zone lot is ripe for taking advantage …

Premier Upper West Side Multifamily: Near Central Park

±70,000 Square Foot multifamily with 50 units. Great investment for a family-office can buy and hold for generations or an …