market research

February 2010

February 2010 » Market Analysis » NYC Buildings For Sale

February 2010 New York Buildings For Sale

Manhattan Buildings sold

Developer Sheldon Solow sold a small piece of his 9.2-acre East River development site to the city's School Construction Authority for $33.25 million. The parcel at the northeast corner of First Avenue and 35th Street is about a third of a complete block he owns through his East River Realty Company. Although part of the larger $4 billion East River development plan, it is two blocks south of the largest parcel in the project that runs on the east side of First Avenue between 38th and 41st streets. The city signed the contract and closed on the purchase of the 23,581-square-foot parcel Dec. 23rd.. The zoning on the approximately half-acre lot permits a 10 floor area ratio that allows building up to 235,810 square feet, putting the price at about $141 per foot.

NYC Buildings For Sale

208-214 E 25th St, 40,430 SF Apartment Units Building is for sale at $35 million.
133-135 Greenwich Street, land of 0.14 AC is for sale at $28,500,000.
111 E 22nd St, a 19,100 SF Class B Office Building is for sale at $15 million.
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