New York City office
and retail Market Research

August 2009

August 2009 » Market Analysis » NYC Buildings For Sale

August 2009 New York Buildings For Sale

Manhattan Buildings sold

George Comfort & Sons and RCG Longview finally completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will just provide a $470 million mortgage for George Comfort and put up about $135 million in equity. The price comes to about $375 a square foot for the 1.6 million-square-foot tower at 825 Eighth Avenue, and the deal is expected to close this month. As part of the agreement, Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007.

New York Buildings For Sale

60-62 W 35th St is for sale for $200 million a 240,000 SF Class A office building.
200 W 37th St is for sale for $135 million a 85,000 SF Class A office building.
127-129 E 79th St - Hunter College School of Social Work is for sale for $65 million a 110,000 SF building.
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