Commercial Sales |
Retail Leases |
Office Leases
Please submit deals to: deals@therealdeal.com
Please submit deals to: deals@therealdeal.com
| Address | Size Info | Buyer | Representative | Seller | Representative | Price | Notes | Issue |
|---|---|---|---|---|---|---|---|---|
| 25 West 20th St map | Development site | Gary Barnett, Extell Development | n/a | Banner Parking | Brian Ezratty, Eastern Consolidated | $28.0M | The parking lot and adjacent garage with 92,000 square feet of development rights sold for $28 million. | October 2007 |
| 76 North 4th St (Brooklyn) map | 130,000 sf warehouse | Fifth Square Partners | n/a | Tryad Group | n/a | $26.0M | The steelworks building sold for $26 million to the developer, who plans to convert the site to a high-end residential building. | October 2007 |
| 211 West 61st St map | 3 full-floor comm. condos | The Gateway School | n/a | Cofinance Inc. | n/a | $20.0M | The private elementary school that serves children with learning disabilities acquired the top two floors and basement for $20.6 million. Cofinance is purchasing the school's existing locations at 236 Second Avenue and a brownstone on East 15th Street. | October 2007 |
| 246 Fifth Ave map | 6-story, 33,818 sf office bldg | Argus LLC | Marcel Fridman, Itzhaki Properties | Abraham Talass, Eretz Group | Barry Farchi, Itzhaki Properties | $20.0M | The office and retail building sold for $20 million, or $591 per square foot. | October 2007 |
| 45-47 West 38th St map | 6-story, 18,000 sf office bldg | n/a | n/a | Nelson Tuchman | Anna Ronquillo, Eastern Consolidated | $12.0M | The commercial loft building sold for $12.5 million. The property, which allows for close to 39,500 square feet in development, may be converted to a boutique hotel. | October 2007 |
| 23 East 22nd St map | Development site | Slazer Development | n/a | Dr. Edwin H. Rosenwasser | Marcia Yawitz, Eastern Consolidated | $12.0M | The parcel sold for $12.5 million, or $854 per square foot, to the developer, which is building a 50-story luxury condominium on a site assemblage that includes three other buildings on East 23rd Street and additional air rights. | October 2007 |
| 6-10 Clark St (Brooklyn) map | 6-story, 42-unit apt. bldg | Glory Capital | n/a | Watchtower Bible and Tract Society | n/a | $12.0M | The 19,392-square-foot property closed for $12.5 million, or $297,600 per unit. | October 2007 |
| 394 Broadway map | 6-story, 29,400 sf bldg | Manhattan investor | n/a | n/a | R. Knakal, M. DeCheser, P. DeCheser, Massey Knakal | $11.0M | The block-through building sold for $11 million, or $374 per square foot. The price represents a capitalization rate of 3.41 percent and a gross rent multiple of 19.5. | October 2007 |
| 160 John St (Brooklyn) map | 89,964 sf self-storage facility, 2,207 units total | Tuck-It-Away Self Storage | N. Malagisi, J. French, N. Golub, Sperry Van Ness National | Sperry Van Ness National; Prudential Real Estate Investors | N. Malagisi, J. French, N. Golub, Sperry Van Ness National | $10.0M | The facility sold for $10.8 million, or $119 per rentable square foot. | October 2007 |
| 951-953 Amsterdam Ave map | Two 5-story apt. bldgs | Lebewohl family and partners | n/a | 951-953 Amsterdam Ave Associates LLC | Wells Newell, Reilly Mann Newell Realty Group | $10.0M | The two renovated walk-up buildings containing 34 free-market apartments and two stores sold for $10.638 million. The price represents a capitalization rate of 4 percent and a gross rent multiple of 14.5. | October 2007 |
| 347, 349 and 351 East 58th St map | 3 apt. bldgs, 26 units total | Ofer Yardeni, Stonehenge Partners | n/a | n/a | M. Halpert, J. Miller, Grubb & Ellis | $10.0M | The properties went into contract for just over $10 million. The buildings will be renovated and run as residential rentals. | October 2007 |
| 20 West 56th St map | 5-story, 7,400 sf bldg | Jane Goldman, Alan Goldman | n/a | McSam Hotel Group | Alan Miller, Eastern Consolidated | $9.0M | The vacant building sold for $9.75 million. | October 2007 |
| 29 West 21st St map | 6-story, 13,949 sf mixed-use bldg | Manhattan converter | n/a | n/a | John Ciraulo, Massey Knakal | $8.0M | The loft building sold for $8.6 million, or $617 per square foot. The price represents a capitalization rate of 4.64 percent and a gross rent multiple of 16.3. | October 2007 |
| 5 East 19th St map | 6-story mixed-use bldg | Sze & Wong Inc. | n/a | Peggy Flaum | Sandi Mann, Eastern Consolidated | $7.0M | The prewar elevator building sold for $7.8 million. The property is 100 percent occupied and has a 1,100-square-foot residential penthouse. | October 2007 |
| 25 East 38th St map | 6,690 sf apt. bldg, 10 units total | Brooklyn investor | Robert DeLeonardis, Fenwick Keats Goodstein | n/a | John Ciraulo, Massey Knakal | $5.0M | The building sold for $5.3 million, or $792 per square foot. The price represents a capitalization rate of 4.99 percent and a gross rent multiple of 15.2. The property contains one studio, seven one-bedrooms and two two-bedrooms. | October 2007 |
| 602 East 187th St (The Bronx) map | 3-story, 17,850 sf comm. bldg | Westchester investor | n/a | n/a | Massey Knakal | $4.0M | The property sold for approximately $4.2 million, or $235 per square foot. The price represents a capitalization rate of 5.89 percent. This transaction marked the first sale of the building since its construction in 1904. | October 2007 |
| 8729-9739 18th Ave (Brooklyn) map | 11,000 sf garage | Brooklyn owner | n/a | n/a | G. Brown, P. Massey, Massey Knakal | $3.0M | The property sold for $3 million, or $273 per square foot. | October 2007 |
| 177 16th St (Brooklyn) map | 4-story, 14,716 sf apt. bldg | Brooklyn investor | n/a | n/a | L. Sarn, T. Gammino, Massey Knakal | $2.0M | The walk-up apartment building sold for $2.598 million, or $177 per square foot. The price represents a capitalization rate of 5.43 percent and a gross rent multiple of 10.9. | October 2007 |
| 1 Davidson Ct (Staten Island) map | Two 2-story apt. bldgs, 38 units total | Staten Island investor | n/a | n/a | J. Sitt, J. Zotts, Massey Knakal | $2.0M | The affordable housing development, which totals 43,700 square feet, sold for $2.185 million, or $50 per square foot. The price represents a capitalization rate of 6.3 percent and a gross rent multiple of 8.4. | October 2007 |
| 154 East Broadway map | 5-story, 5,720 sf mixed-use bldg | Manhattan attorney | n/a | n/a | Michael DeCheser, Massey Knakal | $2.0M | The building sold for $2.08 million, or $364 per square foot. The price represents a capitalization rate of 2.67 percent and a gross rent multiple of 20.6. The property comprises seven rent-controlled apartments, one rent-stabilized apartment and two commercial stores. | October 2007 |
| 213 Seventh Ave map | 5-story, 3,920 sf mixed-use bldg | Manhattan investor | n/a | n/a | Brock Emmetsberger, Massey Knakal | $2.0M | The property sold for $2.85 million, or $727 per square foot. The price represents a capitalization rate of 5.5 percent and a gross rent multiple of 14.2. | October 2007 |
| 1122-1140 New York Ave (Brooklyn) map | 24-unit apt. bldg | Brooklyn investor | n/a | n/a | G. Barretta, S. Palmese, Massey Knakal | $1.0M | The walk-up building sold for $1.5 million, or $126 per square foot. The price represents a capitalization rate of 6.46 percent and a gross rent multiple of 9.0. | October 2007 |
| 369 7th St (Brooklyn) map | 2,475 sf apt. bldg | Brooklyn investor | n/a | n/a | K. Freeman, W. Cope, K. Holmes, Massey Knakal | $1.0M | The three-family building sold for $1.2 million, or $485 per square foot, at a capitalization rate of 3.68 percent and a gross rent multiple of 21.7. | October 2007 |
| 650 Ashford St (Brooklyn) map | 3-story, 11,400 sf comm. bldg | Brooklyn investor | n/a | n/a | J. Berman, J. Falco, Massey Knakal | $1.0M | The corner building sold for $1.2 million, or $104 per square foot. The property, which was once home to an educational institution, has six offices, 12 classrooms, two lounges and a communal kitchen. | October 2007 |
| 416 East 120th St map | Development site | Manhattan developer | n/a | n/a | Shimon Shkury, Massey Knakal | $1.0M | The site, which can support 8,679 square feet of development, sold for $1.1 million, or $127 per buildable square foot. | October 2007 |
| 349 Arlington Ave (Brooklyn) map | 3-story, 13,500 sf warehouse | Brooklyn investor | n/a | n/a | Jonathan Berman, Massey Knakal | $1.0M | The property sold for $1.1 million, or $81 per square foot. The price represents a capitalization rate of 7.36 percent and a gross rent multiple of 13.6. | October 2007 |
| 32 Frost St (Brooklyn) map | 2 apt. bldgs, 4,000 sf total | City investor | n/a | n/a | Mark Lively, Massey Knakal | $1.0M | The two fully occupied buildings on the same lot sold for $1.08 million, or $270 per square foot. The price represents a capitalization rate of 5.08 percent and a gross rent multiple of 12.8. The property comprises a three-story, four-family building and a two-story, two-family building. | October 2007 |
| 225 West 34th St (14 Penn Plaza) map | 22-story, 560,000 sf office bldg | Circle Properties | Wells Hill Partners; Dakota Realty | Andrew Borrok, Charles Borrok | J. Caplan, S. Latham, R. Baxter, R. Cohen, C&W | $350.0M | The property went into contract for $350 million, or $625 per square foot. | September 2007 |
| 885 Third Ave (Lipstick Building) map | 34-story, 587,000 sf office bldg | Gramercy Capital Corp., SL Green | n/a | n/a | n/a | $317.0M | The partnership acquired a 79 percent fee interest and a 21 percent leasehold interest in the property for $317 million. Gramercy and SL Green also entered into a 70-year leasehold/sub-leasehold arrangement. Gramercy owns 45 percent of the investment in the property, and SL Green owns the remaining 55 percent. | September 2007 |
| 1372 Broadway map | 21-story, 508,000 sf office bldg | Wachovia Corporation | n/a | SL Green | n/a | $284.0M | SL Green sold an 85 percent interest in the property to joint venture partner Wachovia. The building is valued at $335 million, or $660 per square foot, and is 99 percent leased. Wal-Mart recently signed a 10-year lease in the property. | September 2007 |
| 530-536 Broadway map | 2 office bldgs, 190,000 sf total | Joseph Sitt, Thor Equities; Yaron Jacoby-led partnership | n/a | Schack & Schack Real Estate Co. | R. Baxter, J. Caplan, Y. Cohen, S. Latham, C&W | $190.0M | The two connected properties sold for $190 million, or $1,000 per square foot. | September 2007 |
| 1040, 1050 and 1052 Sixth Ave map | 3 office bldgs, 267,000 sf total | Skyline Developers | n/a | n/a | Darcy Stacom, CBRE | $170.0M | The three properties sold for $170 million. The developer is considering a residential project or a boutique hotel for the site. | September 2007 |
| 104 West 40th St map | 210,000 sf office bldg | Principal US Property Separate Account | n/a | n/a | n/a | $140.0M | The property sold for $140 million to an entity of Principal Global Investors. The reported average asking rent in the building is $69 per square foot. | September 2007 |
| 691-699 Eighth Ave, 306 West 44th St, 309 West 43rd St map | Development site | Tishman Realty & Construction | n/a | The Witkoff Group, Harwood Properties | n/a | $128.0M | The five properties sold for $128 million. They can support a hotel of up to 146,000 square feet. | September 2007 |
| 321 West 44th St map | 10-story, 228,268 sf office bldg | Kushner Companies | n/a | Thor Equities | James Murphy, GVA Williams | $87.0M | The prewar property sold for $87.5 million. | September 2007 |
| 323 West 96th St map | 171,988 sf apt. bldg, 172 units total | Joel Weiner, Pinnacle Group | n/a | Shaya Boymelgreen, Boymelgreen Developers | A. Jungreis, D. Berger, GFI Realty | $74.0M | The 15-story luxury rental building and the property's 99-year ground lease sold for $74 million. Boymelgreen completed the project in 2003, having spent a total of $34 million on development. | September 2007 |
| 229 West 36th St map | 130,000 sf office bldg | Real Estate Capital Partners | n/a | Jerry Handler, Handro Properties | J. Epstein, C. Kingsley, G. Tolchin, Y. Oelsner, C&W | $57.0M | The real estate investment firm closed on the property for $57.6 million, or $440 per square foot. | September 2007 |
| Harlem Portfolio map | 8 mixed-use bldgs, 189,000 sf total | Aimco | n/a | n/a | n/a | $53.0M | The properties, which include 204 rental units and 31 commercial units, sold for $53.75 million. Five of the eight properties are on the 2200-2400 blocks of Adam Clayton Powell Boulevard. | September 2007 |
| 537-545 West 27th St map | Development site | Jay Furman; Ron Moelis; Erik Ekstein | n/a | The Cirillo family | E. Anton, R. Solarz, D. Schechtman, Eastern Consolidated | $42.0M | The site sold for $42 million to the New York City-based developers, whose plans include a new 185,000-square-foot residential rental and condominium project. | September 2007 |
| 357 and 261 West St, 156-162 Leroy St map | Development Site | Peter Moore Associates | n/a | Olympic Diamond Corp. | E. Anton, R. Solarz, D. Schechtman, Eastern Consolidated | $34.0M | The assemblage of Hudson Square properties sold for $34 million. The buyer plans an 88,000-square-foot commercial development that may include a luxury hotel component. | September 2007 |
| 1024-1030 Lexington Ave map | 5-story, 24,000 sf office bldg | n/a | n/a | n/a | I. Hakimian, I. Himelblau, Itzhaki Properties | $32.0M | The prewar property sold for $32 million from one investor group to another. | September 2007 |
| 72-76 Greene St map | 45,000 sf mixed-use bldg | Bear USA Inc. | n/a | Red Brick Properties | n/a | $28.0M | The property sold for $28.15 million. Red Brick purchased the building for $23.5 million in 2005. | September 2007 |
| 241 Fifth Ave map | Development site | 241 Fifth Ave Hotel LLC | n/a | Avraham Sibony | n/a | $26.0M | The property sold for $26.5 million. Plans are in place to build a 19-story, 70,000-square-foot condominium tower on the site. The buyer plans a hotel and condominium project. | September 2007 |
| 30 West 21st St map | 48,783 sf office bldg | n/a | Mike Langone, Extreme Realty | Flatiron 21 Associates LLC | Gary Nowak, Extreme Realty | $25.0M | The vacant property sold for $25 million, or $512 per square foot. It includes 12,167 square feet of air rights. | September 2007 |
| 315-321 Sixth Ave map | Four 4-story mixed-use bldgs | n/a | n/a | Nasper Inc. | Ety Lee, Eastern Consolidated | $17.0M | The portfolio sold for $17.2 million. The properties have 4,800 square feet of ground-floor retail space and 13 market-rate residential units. | September 2007 |
| 811 Ninth Ave map | 21,500 sf apt. bldg | Hearst Corporation | n/a | n/a | n/a | $17.0M | The property sold for $17.1 million. | September 2007 |
| Harlem portfolio map | Three 6-story apt. bldgs, 111 units total | n/a | n/a | n/a | GFI Realty | $16.0M | The three Section 8 elevator buildings sold for $16.5 million. The properties are located at 1871-73 Adam Clayton Powell Boulevard, 107-113 West 109th Street and 124 West 114th Street. | September 2007 |
| 37 Bridge St (Brooklyn) map | 67,500 sf industrial bldg | Baruch Singer | C. Israel, U. Zucker, Britz Realty | n/a | I. Rosano, C. Flint, Besen & Associates | $13.0M | The property sold for $13.5 million, or $213 per square foot. The buyer plans a 53-unit residential conversion. | September 2007 |
| 313 and 315 East 95th St map | Two 6-story apt. bldgs, 59,410 sf total | Aegon USA Realty Advisors | n/a | Louis Taic, Nyre Management | Azita Aghravi, Eastern Consolidated | $13.0M | The buildings sold for $13.2 million to the Iowa-based company at a capitalization rate of 5.4 percent. The properties contain a combined 58 rental units, comprising six studios, 21 one-bedrooms and 31 two-bedrooms. | September 2007 |
| 250-252 West 14th St map | 2 mixed-use bldgs, 12,436 sf total | Manhattan investor | n/a | Joseph Mendler | J. Ciraulo, J. Nelson, Massey Knakal | $10.0M | The five-story walk-up properties sold for $10.625 million, or $854 per square foot. The transaction occurred at a capitalization rate of 5.36 percent and a gross rent multiple of 15.3. | September 2007 |
| 1728-1782 Utica Ave (Brooklyn) map | 2-story, 46,211 sf retail center | n/a | David Kimowitz, Extreme Realty | n/a | M. Santos, P. Italia, Extreme Realty | $10.0M | The property sold for $10.41 million, or $225 per square foot. The price represents a capitalization rate of 6.3 percent. | September 2007 |
| 3270 Broadway map | Vacant bldg | Columbia University | n/a | n/a | n/a | $10.0M | The former U-Haul facility sold for $10.4 million. | September 2007 |
| 1-3 Orchard St map | 4-story, 16,800 sf mixed-use bldg | Manhattan developer | n/a | n/a | M. DeCheser, P. Massey, Massey Knakal | $9.0M | The loft building sold for $9.4 million, or $560 per square foot. The price represents a capitalization rate of 2.17 percent. | September 2007 |
| 110-112 Mulberry St map | Two 5-story apt. bldgs | Queens investor | n/a | n/a | Robert Burton, Massey Knakal | $8.0M | The adjacent walk-up buildings sold for $8.81 million, or $474 per square foot. The price represents a capitalization rate of 5.19 percent and a gross rent multiple of 14.14. | September 2007 |
| 201 42nd St (Brooklyn) map | 91,682 sf industrial bldg | Dib Management | n/a | n/a | Ofer Cohen, Massey Knakal | $8.0M | The property sold for $8.76 million, which represents a capitalization rate of 4.32 percent and a gross rent multiple of 16.98. Space in the building is leased to 17 different commercial tenants. | September 2007 |
| 117 and 129-131 West 123rd St map | 2 vacant lots | Manhattan developer | n/a | n/a | Shimon Shkury, Massey Knakal | $7.0M | The properties sold for $7.5 million, or $133 per buildable square foot. With air rights acquired from adjacent properties, the site can be built to 56,471 square feet. | September 2007 |
| 130 Court St (Brooklyn) map | 28,000 sf office bldg | Two Trees Management | n/a | n/a | n/a | $6.0M | The property that will house Brooklyn's first Trader Joe's sold for $6.5 million. | September 2007 |
| 85 Fifth Ave map | 7,913 sf comm. co-op | Manhattan law firm | n/a | n/a | John Ciraulo, Massey Knakal | $5.0M | The fifth-floor space sold for $5.55 million, or $701 per square foot. | September 2007 |
| 712-714 Sackett St (Brooklyn) map | 2 apt. bldgs, 15,600 sf total | Boston real estate firm | n/a | n/a | Kenneth Freeman, Massey Knakal | $4.0M | The adjacent postwar buildings sold for $4.65 million, or $298 per square foot. The price represents a capitalization rate of 4.36 percent and a gross rent multiple of 13.17. The properties comprise 14 luxury free-market apartments. | September 2007 |
| 114-116 Henry St (Brooklyn) map | 5-story mixed-use bldg, 14 res. units total | Brooklyn investor | n/a | n/a | B. Leary, R. Knakal, Massey Knakal | $4.0M | The 10,285-square-foot property, which includes ground-floor retail space, sold for $4.4 million, or $428 per square foot. The price represents a capitalization rate of 4.88 percent and a gross rent multiple of 13.45. Nine of the apartments are occupied and rent-stabilized. | September 2007 |
| 220 East 197th St (The Bronx) map | 5-story apt. bldg, 65 units total | n/a | Aaron Jungreis, GFI Realty | n/a | Erik Yankelovich, GFI Realty | $4.0M | The walk-up property sold for $4.3 million. | September 2007 |
| 219 East 196th St (The Bronx) map | 5-story apt. bldg, 55 units total | n/a | H. Fuchs, A. Doshi, Besen & Associates | n/a | H. Fuchs, A. Doshi, Besen & Associates | $4.0M | The 50,000-square-foot walk-up building sold for $4 million, or $80 per square foot. The price represents a capitalization rate of 6.49 percent and a gross rent multiple of 8.34. | September 2007 |
| 1900 Grand Concourse (The Bronx) map | 6-story apt. bldg, 43 units total | Westchester building owner | n/a | n/a | Marco Lala, Massey Knakal | $3.0M | The 41,269-square-foot elevator building sold for $3.5 million, or $85 per square foot. The price represents a capitalization rate of 7.53 percent and a gross rent multiple of 7.65. | September 2007 |
| 211 East 76th St map | 4-story townhouse, 3 units total | Manhattan converter | n/a | n/a | Tom Gammino, Massey Knakal | $3.0M | The property sold for $3.25 million, or $1,000 per square foot. The three units include one owner's duplex and two floor-through apartments. | September 2007 |
| 336 East 94th St map | 5-story apt. bldg, 10 units total | Manhattan investor | n/a | n/a | R. Burton, C. Rosenthal, Massey Knakal | $2.0M | The 8,400-square-foot property sold for $2.3 million, or $274 per square foot. The price represents a capitalization rate of 3.19 percent and a gross rent multiple of 19.3. | September 2007 |
| 666 Ocean Ave (Brooklyn) map | 37,800 sf funeral home | Maimonides Hospital | n/a | n/a | Eric Greenfield, Massey Knakal | $2.0M | The property sold as a development site for $2.975 million, or $79 per square foot. It was most recently used as a 34-unit walk-up apartment building, but the buyer plans to use the space as medical offices. | September 2007 |
| 419 Clinton St (Brooklyn) map | 4-story apt. bldg, 10 units total | City investor | n/a | n/a | Ken Freeman, Massey Knakal | $2.0M | The 7,398-square-foot walk-up building sold for $2.75 million, or $372 per square foot. The price represents a capitalization rate of 5.75 percent and a gross rent multiple of 13.62. | September 2007 |
| 31-16 Hunters Point Ave (Long Island City) map | 2-story, 9,533 sf warehouse | Manhattan printing company | n/a | n/a | Ken Hillman, Massey Knakal | $2.0M | The vacant building sold for $2.35 million, or $247 per square foot. The property has 10 offices and a receptionist lobby, and it includes an additional 2,464 square feet of air rights. | September 2007 |
| 125 Maiden Lane map | 3-story office condo, 70,000 sf total | U.S. Fund for Unicef | n/a | n/a | P. Glickman, S. Menifee, C&W | n/a | The nonprofit purchased three floors of commercial condominium space in the 17-story, 350,000-square-foot office tower for an undisclosed amount. The agency is relocating from its previous offices at 333 East 38th Street and 29 West 38th Street, where it had a combined 50,000 square feet of space. | September 2007 |
| 820 Second Ave map | 25,300 sf office condo | United Synagogue of Conservative Judaism | Studley | Second 820 Owner LLC | Newmark Knight Frank | n/a | The religious organization acquired the two-floor space for an undisclosed amount after selling its former headquarters at 155 Fifth Avenue. | September 2007 |
| 237 Park Ave map | 1.16 million sf office bldg | Broadway Partners | n/a | Beacon Capital Partners | n/a | $1180.0M | The building sold for $1.18 billion, or approximately $1,000 per square foot, as part of a national $5 billion, 24-building portfolio buy. | August 2007 |
| 32 Old Slip (One Financial Square) map | 37-story office bldg | Beacon Capital Partners | n/a | Paramount Group | n/a | $750.0M | Beacon is in contract to purchase the property from Paramount for $750 million. | August 2007 |
| 450 West 33rd St map | 14-story, 1.6 million sf office bldg | Broadway Partners | n/a | n/a | n/a | $664.0M | The home of the New York Daily News sold for $664 million, or $415 per square foot. | August 2007 |
| 885 Third Ave (Lipstick Building) map | 34-story, 587,000 sf office bldg | Tao Tsuot, Financial Levers | n/a | n/a | n/a | $648.0M | The building sold for $648.5 million to a group led by the two Israeli investment companies, who will own 70 percent of the property. Investors including the Marciano Investment Group and Metropolitan Real Estate Investments will own the rest. | August 2007 |
| 444 Madison Ave map | 475,000 sf office bldg | Westbrook Partners | n/a | Private investors | n/a | $313.0M | The New York Magazine Building sold for $313 million, or $660 per square foot. The magazine is moving Downtown this summer. | August 2007 |
| Queens portfolio map | 47 apt. bldgs, 1,900 units total | Vantage Properties | n/a | Nicholas Haros | n/a | $300.0M | The real estate company acquired the portfolio for $300 million, or $160,000 per unit, in one of the largest residential real estate transactions ever in the borough. The properties are located in central and western Queens neighborhoods such as Flushing, Elmhurst, Jackson Heights, Sunnyside and Woodside. | August 2007 |
| 30 Rockefeller Plaza map | 1.6 million sf office space | Tishman Speyer | n/a | NBC | n/a | $222.0M | Tishman purchased several floors in the property back from NBC for $222 million. NBC had bought parts of floors 22, 23, 25, 26, 48 and 49 from the Speyers in 1996. | August 2007 |
| 530 Park Ave map | 19-story, 180,000 sf apt. bldg | Blackrock Realty Advisors | n/a | The Katz Family | n/a | $211.0M | The 139-unit rental building sold for $211 million, or $1.51 million per rental unit, in one of the most expensive per-unit sales to date. The per-square-foot price was $1,192. | August 2007 |
| 405 Park Ave map | 17-story office bldg | Steve Witkoff; Larry Gluck; Westbrook Partners | Rama Bassalali, RMB Properties; Eastern Consolidated | Dubai investors | n/a | $180.0M | The high-rise building sold for $180 million to the partnership. | August 2007 |
| 295 Madison Ave map | 46-story, 300,000 sf office bldg | Joseph Moinian | n/a | Family of the late Sarah Korein | Brian Ezratty, Eastern Consolidated | $180.0M | The Art Deco building sold for $180 million. Moinian had tried to purchase the property directly from Korein 20 years ago, but did not succeed until now. | August 2007 |
| Upper West Side portfolio map | 4 apt. bldgs, 325,000 sf total | Equity Residential | n/a | Portnof Realty Corporation | n/a | $178.0M | The Chicago-based REIT purchased a total of four apartment buildings for $178 million. The properties are located at 228 West 71st Street, 238 West 71st Street, 41 West 86th Street and 52 West 77th Street. | August 2007 |
| 100 Wall St map | 466,000 sf office bldg | Broadway Partners | n/a | Beacon Capital Partners | n/a | $175.0M | Broadway is in contract to purchase the Class A office tower for $175 million. The seller had acquired the building for $134 million from Reckson Associates Realty Corp. in February 2006. | August 2007 |
| 303 East 83rd St (The Camargue) map | 30-story, 261-unit apt. bldg | Archstone-Smith | n/a | n/a | n/a | $169.0M | The REIT recently purchased by Tishman Speyer acquired the apartment building for $169 million. Reported rents are $2,900 for one-bedrooms and $4,800 for two-bedrooms. | August 2007 |
| 301 West 53rd St (The Encore) map | 25-story apt. bldg | Westbrook Partners | n/a | Extell Development | n/a | $165.0M | Extell sold the high-rise apartment building for $165 million to joint venture partner Westbrook. | August 2007 |
| 10 UN Plaza map | Development site | Eyal Ofer, Global Holdings; William Lie Zeckendorf, Arthur Zeckendorf | n/a | Macklowe Properties | W. Heller, W. Silverman, D. Endelman, Studley | $160.0M | The site sold for $160 million to the partnership, which plans to erect a 242,000-square-foot luxury condominium. | August 2007 |
| One Madison Ave map | 14-story, 1.2 million sf office bldg | SL Green | n/a | Gramercy Capital Corp. | n/a | $147.0M | The real estate finance company sold its 45 percent equity interest in the joint venture that owns the building to SL Green for $147.6 million. After closing, the REIT will own 100 percent of the property. | August 2007 |
| 130 Prince St map | 88,000 sf office and retail bldg | Waterman Interests | n/a | n/a | W. Shanahan, D. Stacom, CBRE | $112.0M | The privately held commercial real estate investment and operating company acquired the office and retail property for $112 million. The building is currently 100 percent leased. | August 2007 |
| 635 Madison Ave map | 150,000 sf office bldg | D. Levinson, R. Lapidus, L&L Acquisitions | n/a | n/a | n/a | $110.0M | The land under the property sold for $110 million, or $735 per square foot, in a transaction that does not include the building. | August 2007 |
| 16 Court St (Brooklyn) map | 38-story, 317,625 sf office bldg | SL Green | n/a | n/a | Darcy Stacom, CBRE | $107.0M | The borough's tallest office tower sold for $107.5 million, or $338 per square foot. The REIT plans to redevelop both the office and retail spaces as part of its first purchase in Brooklyn. | August 2007 |
| Harlem portfolio map | 16 retail bldgs, 35,000 sf total | Sigfeld Group | n/a | MPL LLC | E. Giscombe, J. Schettino, Giscombe Henderson | $50.0M | The portfolio sold in two different transactions: 2331-2349 Frederick Douglass Boulevard sold for $30 million to the partnership of Sigfeld and Kimco Realty Corporation, who plan to demolish the retail stretch to make room for a block-long, four-story office building with ground-floor retail. Sigfeld was the sole buyer of 112-118 West 125th Street, 250 West 125th Street and 301-303 West 125th Street for $20 million. | August 2007 |
| 229-239 West 28th St map | 12-story, 80,486 sf office bldg | Steve Klein, Joss Realty Partners | Brian Ezratty, Eastern Consolidated | Colliers ABR Investors; AEW Capital Management | P. Hauspurg, B. Ezratty, E. Anton, R. Solarz, S. Ellard, Eastern Consolidated | $48.0M | The joint venture sold the loft-style, Class B office building for $48.4 million to the real estate firm. | August 2007 |
| 330 East 63rd St map | 7-story, 90,000 sf apt. bldg | Stonehenge Partners | n/a | 63rd East Side Realty LLC | Aliza Avital, Eastern Consolidated | $39.0M | The 93-unit rental building sold for $39 million. The buyer intends to renovate the apartments: 37 studios, 42 one-bedrooms and 14-two bedrooms that average more than 750 square feet. The majority are rent-stabilized. | August 2007 |
| Washington Heights portfolio map | 5 apt. bldgs, 276 units total | n/a | I. Hakimian, O. Cohen, Itzhaki Properties | n/a | Ivan Hakimian, Itzhaki Properties | $35.0M | The buildings sold for $35 million, or $127,000 per unit. They are located at 480 West 187th Street, 57-63 Wadsworth Terrace, 261 Wadsworth Avenue, 623-631 West 207th Street and 25-27 Vermilyea Avenue. | August 2007 |
| 53 West 36th St map | 12-story, 72,000 sf bldg | Hidrock Realty; Assurant Inc. | n/a | Madison Warehouse Corporation | n/a | $29.0M | The commercial building sold for $29.58 million. | August 2007 |
| 158 Madison Ave map | Development site | Thor Equities | n/a | n/a | n/a | $28.0M | The property sold for $28.4 million. A joint venture between Thor and Buttonwood Real Estate is developing a 50-unit condominium building at the site of a former workplace of Andy Warhol. | August 2007 |
| 110-120 East 76th St map | 6 townhouses, 23,000 sf total | The Chetrit Group | n/a | Lenox Hill Hospital | n/a | $26.0M | The properties sold for $26.1 million and carry 19,000 square feet of development rights for residential use or 30,000 square feet for community facility use. | August 2007 |
| 91-95 Chambers St map | Development site | 77 Reade LLC | n/a | Raem Chambers Street Corp.; Rae-me Realty Corp. | Stuart Gross, Eastern Consolidated | $23.0M | The site, which consists of two contiguous block-through parcels, sold for $23.2 million, or $350 per buildable square foot. The buyer's plans include a 65,000-square-foot mixed-use project and a 23,000-square-foot parking and recreational area. | August 2007 |
| 2856-2860 Steinway St (Queens) map | 37,000 sf retail bldg | Skyline Developers | n/a | n/a | n/a | $22.0M | The building sold for $22.5 million. It houses a New York Sports Club, Duane Reade and Washington Mutual branch. | August 2007 |
| 330 East 53rd St map | 7-story, 91-unit apt. bldg | Stonehenge Management | n/a | n/a | n/a | $20.0M | The building reportedly sold for more than $20 million. The company has renamed the property Stonehenge 63 and will renovate the apartments. Rents start at $2,300 for a studio, $2,900 for a one-bedroom and $4,500 for a two-bedroom. | August 2007 |
| South Bronx portfolio map | 14 bldgs | Sharp Management | n/a | Eric Oppenheimer | Marcus & Millichap Real Estate Investment Services | $18.0M | The properties sold to the Bronx-based buyer for $18.2 million. They include seven mixed-use buildings, four multifamily buildings, one single-family home, one duplex and one 5,000-square-foot retail unit. The total square footage is around 192,000, not including retail. | August 2007 |
