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Top residential, commercial real estate deals of the week — Nov. 23 | TribLIVE.com
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Top residential, commercial real estate deals of the week — Nov. 23

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$3.5 million

Property sold: 1139 Pin Oak Drive, New Castle

Seller: Casco Associates

Buyer: Tryko Partners, Brick, N.J.

Details: A 184-unit complex consisting of one-, two- and three-bedroom units, uses Section 8 Homeowners Assistance Program funding, with $1 million to be invested in improvements for the community

Comment: “Crestview has significant potential, and we are committed to enhancing the property and quality of life for its residents through a program of immediate upgrades and … hands-on management,” said Uri Kahanow, Tryko’s director of acquisitions.

$800,000

Property sold: 6111 Mountain View Drive, West Mifflin

Seller: Lone Star Steakhouse & Saloon of Pennsylvania

Buyer: Bascom Harris LLC, Charlotte, N.C.

Details: Acquired an existing Lone Star Steakhouse & Saloon restaurant on 1.4 acres

Comment: “We purchased the property as an investment and have leased it back to Lone Star Steakhouse,” said B.V. Belk, owner of BVB Properties.

$799,000

Property sold: 631 Painters Run Road, Upper St. Clair

Seller: Gino, Joseph and Mario Pasquarelli

Buyer: Shoto Enterprises LLC

Details: Acquired the former Pasquarelli Restaurant, which was razed to make way for a Goddard School

Comment: “We decided there was a need for a second Goddard School in the South Hills,” said Robert A. Santo of Shoto Enterprises LLC and a Goddard School official. The new school is to open in May.

$1.15 million

Property sold: Sewickley Hills

Seller: Bruce and Marcia Ferrero

Buyer: Michelle A. Mantine and husband Brian Johnson

Details: One-and-half brick Colonial with curved staircase, four-tray ceiling in foyer, living room with two-story stone fireplace flanked by floor-to-ceiling windows, family room with two-story fireplace and built-in bookcases, sunroom, ceramic tile heated floor

Comment: “The buyers were looking for a very special design with a lot that would accommodate a pool, and this home offered more on the interior than they had hoped for and an ideal lot for a pool. It was love at first sight,” said Gloria Carroll, Berkshire Hathaway Home Services.

$985,000

Property sold: Highland Park

Seller: Daniel J. O’Malley

Buyer: Dr. Michael Ditillo and wife Dr. Lourdes Castanon

Details: Three-plus-story brick Colonial, arched doorways, stained/leaded glass pocket and French doors, dining room with sitting room, butler’s pantry, high-end kitchen, new electric, plumbing and mechanicals, 3-4 car garage with complete carriage house above

Comment: “The home features early 20th-century architecture and craftsmanship and well-done 21st-century upgrades. … The buyers wanted the best of both worlds, and they found it,” said Jay Villella, selling agent with Northwood Realty.

$726,505

Property sold: Downtown

Seller: John and Judith A. Foley

Buyer: Steven and Cheryl Schwarzwaelder Irrevocable Trust

Details: 5,400-square-foot condo by combining five units, marble floors, cove moldings throughout, walls of windows overlooking PNC Park and Heinz Field, kitchen and breakfast area, library, home office, media room, three full baths, sitting and desk area

Comment: “The buyers were downsizing from a large Sewickley Heights home, and absolutely fell in love with the view,” said Julie Wolff Rost, Berkshire Hathaway Home Services.

— Sam Spatter

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