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April 2007

April 2007 » Market Analysis » NYC Buildings For Sale
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April 2007 New York Buildings For Sale


New York Buildings sold


  • Midtown portfolio, 8 office buildings, 6.5 million SF total, was sold to Macklowe Properties for $7 billion.
  • 450 West 33rd Street, a 1.7 million SF office building, was sold to Broadway Partners for $700 million.
  • 14 Wall Street, a 1 million SF office building, was sold to John Zamir, Capstone Equities for $325 million.
  • Bruckner Plaza (The Bronx), a 386,000 SF shopping center, was sold to Vornado Realty Trust for $165 million.
  • Albee Square Mall (Brooklyn) with a 70-year ground lease was sold to Acadia Realty Trust and P/A Associates for $125 million.
  • 102-05 Ditmars Blvd (LaGuardia Airport Marriott Hotel) (Queens), a 438-room hotel, was sold to RLJ Development for $69 million.
  • 70 West 36th Street, a 156,532 SF office building, was sold for $61.5 million.
  • 247-259 West 54th Street, a 97,679 SF commercial building, was sold to Boston Properties, Madison Equities for $38.8 million.
  • Saint Mary's Hospital (Brooklyn), a two building, 270,000 SF complex, was sold to Mazel Precisions for $22 million.
  • 145 Spring Street, an 8-story, 13,625 SF mixed-use building, was sold for $13.3 million.
  • 415 East 57th Street (Sutton Tower), a 14-story, 13,000 SF mixed-use building, was sold for $10.5 million.
  • 1043 Madison Avenue, a 5-story, 6,750 SF mixed-use property, was sold for $10.3 million.
  • 111 East 22nd Street, a 4-story, 17,831 SF commercial building, was sold for $8.9 million.
  • 218 West 37th Street, a 7-story, 18,000 SF commercial. Building was sold for $8.1 million.
  • 14 East 95th Street, a 5-story, 5,750 SF townhouse, was sold for $7 million.
  • 63-69 West 131st Street, a Two 5-story apartment building, 33,560 SF total, was sold for $6.6 million.
  • 44 Trinity Place, a 7-story, 14,250 SF mixed-use building, was sold for $6 million.
  • 426 East 58th Street, a 5-story, 6,800 SF townhouse, was sold for $3.1 million.
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