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April 2010

April 2010 » Market Analysis » NYC Buildings For Sale

April 2010 New York Buildings For Sale


Manhattan Buildings sold

Hotel developer Sam Chang's $164.5 million sale of a three-pack of hotels at 337, 339 and 343 West 39th Street in Times Square to Hersha Hospitality Trust. $110 million sale at 415 Greenwich Street of three commercial and 31 residential units at the 66-unit condominium conversion project in Tribeca. Four retail condo units at the 115-unit condo conversion Avonova at 219 West 81st Street were sold for $26.5 million. Three retail condos at 255 East 74th Street for $25 million

NYC Buildings For Sale

Three large Manhattan commercial properties recently listed for sale, and another reportedly on its way to the block. 340 Madison Avenue, the 740,000-square-foot office tower that has positive cash flow and is nearly 100 percent occupied and is listed for about $700 per square foot. Helmsley Carlton House hotel at 680 Madison Avenue, which has apparently already drawn bids of $150 million-plus, and 600 Lexington Avenue. 125 Park Avenue office is also expected to go for sale.
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