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Acquisitions

HUBB NYC buys 592-598 Ninth Avenue for $17M

Brodsky Organization is the seller

592-598 Ninth Avenue (Credit: StreetEasy)

John McCarthy’s HUBB NYC has acquired 592-598 Ninth Avenue in Hell’s Kitchen from the Brodsky Organization for $17 million. The four contiguous walk-up buildings span a total of 17,839 square feet, and contain 19 apartments, plus five retail units. 

Future development play: The properties offer 20,814 square feet of unused development rights. 

Worth Noting: HUBB has been busy…. As we reported on Friday, the firm paid $75 million for a multi-family property at 31-57 31st Street in Astoria. The building contains 114 apartments, a parking garage (16,204 SF), and a retail component (23,423 SF).

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