New York City

The Treeline Cos. has sold its office property at 205 Montague St. in Brooklyn, which it has owned since 1995, to Midtown Equities Group for $33 million. In a statement, Treeline president Fran Schor says her company “has truly enjoyed its ownership of this historic Brooklyn property. Having brought the building to 100 percent occupancy with long-term leases in place, however, the time was right to accept a competitive offer and reap the benefits of our years of value-added ownership and management.” The five-story, 77,000-square-foot property, whose tenants include Massey Knakal Realty Services, was the site at which Jackie Robinson broke the color barrier by signing his first Major League Baseball contract with the Brooklyn Dodgers in 1947. Midtown Equities also owns nearby 200 Montague St.

The 8,426-square-foot retail component of Devonshire House, a prewar condominium at 28 E. 10th St. in Greenwich Village, has traded for $10.35 million. Seller Devonshire Associates was represented by an Eastern Consolidated team including Ronald Solarz, Eric Anton, Brian Ezratty and Deborah Gutoff. The buyer was not disclosed. Attorneys in the deal included Douglas Heller of Herrick Feinstein for the seller and Eric Orenstein of Rosenberg & Estis for the buyer.

Eastern Consolidated also arranged the $6.7-milion sale of a six-story, 48-unit elevatored residential building at 315 W. 115th St. The firm’s Peter Carillo and Lipa Lieberman both represented the seller, West 115th Realty LLC, and procured the buyer, West 115 11-13 Associates LLC. Mitchell Taras of Sadis & Goldberg LLP provided legal representation for the seller, and Herrick Feinstein’s Laurie Grasso did likewise for the buyer.

The New York State Office of General Services, which had subleased space at W&H Properties’ 501 Seventh Ave., has signed a 10-year direct lease for nearly 40,000 square feet comprising the entire eighth floor and part of the ninth. “It’s particularly significant to us that OGS decided to sign a direct lease with us after its sub-tenancy,” says W&H’s Fred Posniak in a release. Jonathan Fales of CBRE represented the landlord in the lease negotiations; the OGS represented itself.

Colliers International’s Ted Rotante has arranged a long-term, 25,640-square-foot sublease and expansion for Brune & Richard LLP at Rudin Management’s One Battery Park Plaza. Relocating from 16,000 feet of non-contiguous space at 80 Broad St., the law firm will occupy the entire 34th floor, with move-in scheduled for the end of October. Law firm Bingham McCutchen LLP is the sublessor, and was represented by Studley’s John Johnson and Nick Farmakis. 
Apparel firm Vans has taken 15,000 square feet at 25 Franklin St. in Brooklyn, which it will use as a Vans-branded and sponsored promotional and marketing venue. Bob Klein of Kalmon Dolgin Affiliates represented the owner and the tenant in the deal.

Another apparel firm, LIC Sweater, has leased 11,000 square feet at 42-24 Orchard St. in the Long Island City section of Queens. Sholom & Zuckerbrot’s Joe Eliasoph and Jason Auffarth represented both tenant and landlord. The garment manufacturer is set to take occupancy on Sept. 1.

In a transaction that entailed relocating two other tenants to other floors and finding temporary space in the building while construction was under way, Pharo Management has taken 10,776 square feet at 1370 Ave. of the Americas for 10 years. ““It’s a great opportunity to obtain full-floor presence and increase visibility, which was important, while allowing Pharo to maintain its desired location and Central Park views,” says John Moran of Newmark Knight Frank, who with colleague Brian Goldman represented the tenant. The ownership at 1370 Sixth Ave., the Principal Financial Group, was represented by Paul Amrich and Fernando Urrutia of CB Richard Ellis.

Westchester

A prewar multifamily building at 100 Highland Ave. in Yonkers, NY was sold in an all cash transaction valued at $2.7million. The six-story property containx 116 cooperative apartments, and sold for $85 per square foot or a cap rate of 8.6%. Josh Barrett of Massey Knakal represented seller RAIT Financial Trust, while Joe Dabbah of JMD Capital and Josh Koppel of HSC Management represented the buyer, Alma Realty. “New ownership will concentrate on intensive hands-on management to improve the financials rather than trying to sell off individual units as previous ownership groups have done,” Barrett says in a release.