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August 2020

August 2020 » Market Analysis » NYC Buildings For Sale

August 2020 New York Buildings For Sale

Buildings For Sale:

  1. 22 West 35th Street, a 4,340 RSF building asking $22,800,000
  2. 209 West 20th Street is a 12 story free market apartment building asking $9,500,000
  3. 152 West 24th Street is a 2,468 RSF building asking $6,800,000
  4. 57 West 38th Street is a retail condo 9,500 SF on ground floor and basement asking $12,500,000
  5. 10 West 46th Street is a commercial condo 4,915 SF asking $5,200,000
  6. 91 East Broadway Hotel for sale 15,113 SF asking $20,000,000
  7. 420 Fifth Avenue commercial condo 18,003 RSF asking $21,500,000
  8. 62 Mulberry Street, a 44,160 RSF parking garage for sale asking $18,500,000

Buildings Sold:

Anbau purchased adjacent properties in Chelsea at 428 and 432 West 19th Street with a combined lot area of 6,900 square feet, paying $18.5 million. Anbau plans to demolish the four-story buildings on the sites and build commercial condos. The seller was Ernest Schoenherr.

KIPP NYC, paid a combined $21.5 million for two adjacent Highbridge properties located at 1504 and 1518 Macombs Road, netting 24,856 square feet of development space. KIPP paid Aranit Ahmetaj, via 1508 Bronx Corp and Macomb Parking, $10.75 million for each property. The lots are listed as a warehouse and garage.

Westerman Ball Ederer Miller Zucker & Sharfstein LLP purchased a 6,211-square-foot mixed-use building at 45 West 39th Street for $17.9 million from owners Julie and Kenneth Lee. Savanna private equity fund closed its $435 million purchase of 1375 Broadway from Westbrook Partners.

BlackRock Realty Advisors sold a multifamily building at 105-05 69th Avenue in Flushing to Global One Investments for $26.5 million.

ABCNY Inc., acting through its LLC, sold 1107 Dekalb Avenue in Bed-Stuy for $18 million. The buyer was Youth Art Life, via its LLC. The hotel was reportedly constructed as “fully automatic,” with guests checking in through kiosks.

Treetop Development via 560-570 Lefferts Avenue Holding LLC sold two multifamily buildings at 556 and 570 Lefferts Avenue in Crown Heights for $18.25 million. The buyer was Meridian Properties through the entity M&M Lefferts Realty LLC.

The New York City Housing Authority sold a vacant lot on Myrtle Avenue in Brooklyn for $16.6 million to Maddd Equities via YYY Brooklyn NY LLC. The land will be used to develop affordable housing.

Touro College paid Extell Development’s Extell GT LLC $26.5 million for 12 commercial condominium units in the Gem Tower at 50 West 47th Street in the Plaza District, comprising of 25,611 SF. Mendel Kaff paid $13 million to Related Companies for two rentals in Soundview in two separate transactions. Kaff / Wheeler Housing, LLC paid Related Companies’s NYSandy12 CBP9 LLC $9.3 million for 1050 Wheeler Avenue.

357 West 17th Street sold for $14.99M to an unknown buyer, and is now relisted as a $67K-per-month rental. It was originally listed at $36.8 million. The sellers were Girona Ventures and Wonder Works Construction.
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