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New York-based Jacob Sofer of Madison Realties looks to transform the 21-story Downtown high-rise at 50 North Front Street into a largely residential building tentatively named the Memphis Waterfront Tower, converting the top 19 floors into 300 upper-level residential apartment units, keeping the first two floors for commercial use.

New York-based Jacob Sofer of Madison Realties looks to transform the 21-story Downtown high-rise at 50 North Front Street into a largely residential building tentatively named the Memphis Waterfront Tower, converting the top 19 floors into 300 upper-level residential apartment units, keeping the first two floors for commercial use.
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Alex Adjmi's A&H Acquisitions Among 8 Mid-Market Deals


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1240 Morrison Avenue in Soundview, 1769 86th Street in Bensonhurst and 73-99 Empire Boulevard in Crown Heights (Google Maps)
Alex Adjmi’s A&H Acquisitions bought a Crown Heights warehouse, one of eight mid-market investment sales in the city last week.
Adjmi who received a presidential pardon on Donald Trump’s last day in office in January paid $15 million for the complex.
Overall, the eight deals in the city totaled $127 million, and included three industrial complexes and two multifamily buildings. The total was far higher than the previous week’s $90 million for four properties. Mid-market deals cover investment sales between $10 million and $30 million. ....

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