Buildings for Sale:
- Tishman Speyer is in talks to reacquire the ground lease for the Chrysler Building. The primary obstacle is that ground rent payments to Cooper Union are expected to climb to $41 million in two years.
- The Columbus Square shopping center retail component, comprising 270,000 square feet, has been put in special servicing. In August, UDR and MetLife began exploring a sale of the rental portion for up to $500 million.
- A judge denied the request for a preliminary injunction by SL Green and RXR, thereby clearing the way for Extell to proceed with a UCC foreclosure sale of the senior mezzanine loan on the 49-story Worldwide Plaza office tower.
- Brookfield's One New York Plaza hits special servicing as the $835M CMBS debt is set to mature on Jan. 9th.
- Xin's Closer Properties put its 49 percent interest in the tower at 55 East 52nd Street up for sale in an offering that would value the 45-story building at $1.3 billion. The 1.2 million-square-foot building is nearly fully leased.
- Union Investment has put 140 Broadway up for sale, hoping to fetch $400 million. The building has 1.2 million square feet.
- The Columbus Square shopping center is 270,000 square feet. The debt has been in special servicing. The debt owed is around $370 million, including more than $7 million in interest and late charges.
- The shopping center is separate from a five-building, 710-unit multifamily portfolio that sits above the retail portion of the complex. UDR and its partner, MetLife, began exploring the sale of the rental portion of a five-building, 710-unit multifamily portfolio for up to $500 million.
- Maverick quietly acquired Chetrit's interests in CF Jamaica and 90-100 Trinity Holder at its own auction, in pursuit of a $132M judgment. CF Jamaica controls a residential building at 152-01 and 150-13 88th Avenue in Jamaica. 90-100 Trinity Holder is linked to the Chetrits' 90 and 100 Trinity Place.
- U.S. Bank reacquired the 350,000-square-foot 750 Lexington Avenue for $1,000 at a foreclosure auction to satisfy a roughly $155.9 million debt. The property's appraised value has plummeted to $41 million, and the bank is expected to sell it eventually.
- 15 East 63rd Street has found a potential buyer in the form of a stalking-horse bid before an auction on Jan. 28. The filing also seeks to designate a $34.1 million offer from tech entrepreneur Yingkai Xu as a back-up bidder and to exempt the sale from transfer taxes.
Buildings Sold:
- Carmel's is buying a $500 million multifamily portfolio from MetLife, which currently owns it in partnership with REIT UDR; UDR will maintain its majority stake. The buildings are 775, 795, 805, and 808 Columbus Avenue, as well as 801 Amsterdam Avenue.
- Summit secured the purchase of Pinnacle's 5,151 New York City apartment units for $451.3 million ($88,000 per unit), which Pinnacle had placed in bankruptcy.
- Perform Properties sold the mixed-use SkyView Parc, including the Shops at SkyView mall (40-24 College Point Boulevard) and condominiums (40-22 College Point Boulevard), to an LLC tied to TPG and Blackstone for $424.4 million.
- Charles Cohen sold 3 East 54th Street for $141 million to Vornado Realty Trust, which plans to raze the office building. Fortress Investment Group had owned a 63 percent stake in the building. Cohen is paying down the $187 million in personally guaranteed loans.
- RXR acquired a 45% stake in a rental at 265 East 66th Street, along with 20 townhouses, for a total value of $435 million. GO Partners bought the 295-unit rental and townhouses and remains the majority owner.
- Atlas Capital Group purchased a multifamily rental building at 250 East Houston Street for $112.3 million. The sellers were Dermot Company and Rockwood Capital. The building has 130 apartments.
- BentallGreenOak closed on its sale of a 400,000-square-foot office property at 101 Greenwich Street for $105 million. The buyers were Quantum Pacific Management and Metro Loft. The building will become a residential tower with 614 units.
- The Carlyle Group and Z+G Property Group closed on a newly built multifamily at 130 Second Street in Gowanus for $105 million. The seller was a joint venture of Joyland Management, Meral Property Group, and the Loketch Group. The building has 132 units: 99 market-rate and 33 affordable, priced at $795,000 per unit.
- Five Holdings acquired the entertainment complex at 140 Stewart Avenue in East Williamsburg for $110 million. Five Holdings is the parent company of nightlife brand Pacha.
- Mack closed on a $94 million title transfer for a vacant parcel at 545 West 37th Street. Mack acquired the site from a Chetrit affiliate for $543 per buildable square foot, based on 172,000 square feet of unused development rights and no existing built-up area.
- Barone Management offloaded 45-20 83rd Street for $85 million. The buyer was Friends of the Renaissance Charter Schools, which raises funds for the K-12 Renaissance Charter School, and leased the facility in 2021. The school then took over the leasehold of the space.
- Epic sold 410 West 13th Street for $71 million. An LLC tied to TPG Anegelo Gordon purchased an office complex spanning almost 67,000 square feet. Aurora Capital was part of the selling entity.
- 183 Varick Street sold for $63 million. The buyer was an affiliate of Avdoo & Partners Development, which entered a contract to acquire the more than 68,000-square-foot property in March. The seller was an entity led by Benjamin Webster Federbush, at about $920 per square foot.
- 59 West 46th Street: Boris Aronov foreclosed on a $57 million debt owed by Singh.
- Maple Height Residence LLC purchased a 6,900-square-foot unit at 50 West 66th Street for $55.6 million, or just under $8,000 per square foot.
- The Woodcrest Rehab & Residential Health Care Center at 119-09 26th Avenue, sold for $55 million. The seller was an LLC tied to Jack Deutsch. The buyer was an LLC linked to Yaakov Sod. The six-story property measures 76,000 square feet or $720 per square foot.
- Hit records. Full Time Management and Montgomery Street Partners acquired the parcels at 75-83 Nassau Street for $53 million. The buyers plan to construct a mixed-use building.
- A Blackstone affiliate sold 63 Crosby Street for $53 million in an all-cash deal to Vertex. The property has 32,400 square feet, or $1,600 per square foot.
- A buyer at 432 Park Avenue agreed to pay $53 million for units 78A and 78B, combining the condos to span the entire 78th floor.
- A portfolio of commercial buildings sold for $52.9 million. The seller was Imperial Sterling Corp., and the buyer was Malachite Group. The properties are: a 9,500-square-foot retail building at 94-14 63rd Drive; a 4,000-square-foot office building at 95-38 Queens Boulevard; a 4,000-square-foot store at 63-79 Saunders Street; a 7,700-square-foot store at 95-40 Queens.
- Related Companies and Oxford Properties Group paid $52 million on a parcel at 463 10th Avenue, which will be part of its under-construction office tower at 70 Hudson Yards. The seller was an LLC tied to Soheil Khayyam.
- Stephen Ross sold his penthouse at 25 Columbus Circle for $50.7 million or roughly $6,200 per square foot. The apartment, Unit PH80, was sold in an off-market deal to an anonymous LLC for the sale of the 8,200-square-foot unit.
- Declaration Partners and Hilltop Real Estate signed a master lease for three Soho storefronts. The firms will control 113-121 Prince Street for 25 years in exchange for a little over $50 million. The lease also gives the option to extend to 2091.
- HUBB NYC bought 599 Baltic Street from Adam America for $40 million, or $571,000 per unit for the 70-unit building.
- Marchi Realty Corp. and two related entities parted with 247 East 31st Street and 563, 567, and 569 Second Avenue for a total of $38 million. The buyer of the properties, with apartments and ground-floor retail, was an LLC affiliated with New Empire Corp.
- Alexandria Real Estate Equities sold an office building at 30-02 48th Avenue in Long Island City for $34.5 million. The buyer was North River Company. The property has 141,400 square feet.
- A stalled development site at 159 Broadway sold for $30 million. The seller was Madison Realty Capital, and the buyer was Joel Wertzberger's Joyland Group. The two-parcel site sits in an Opportunity Zone and has been approved for a 26-story hotel/residential building.
- The Holiday Inn Express Manhattan Midtown West at 538 West 48th Street traded for $26.5 million. The seller was an LLC tied to Andrew Roufail, and the buyer was hotelier Maheshchand Ratanji. The hotel measures 61,700 square feet or about $430 per square foot.
- A 3,700 square feet condo at 730 Fifth Avenue, the Aman New York, sold for $24.5 million or about $7,100 per square foot. The seller was an LL, the buyer was an LLC. The unit has 3,700 square feet.
- 129 West 46th Street was sold at a foreclosure auction to bridge lender W Financial for $23.8 million.
- JP Real Estate Group bought 1057 Lexington Avenue, a mixed-use property, for $23.6 million.
- Atatman Invest LLC purchased a 3,400-square-foot unit at Aman New York for $19.8 million from an entity managed by Robin Zane.
- Aman New York unit 16B NYC LLC sold unit 16B for $18.5 million from an entity linked to Cattaliya Beevor.
- Harvey C. Jones paid $18.8 million for a unit at 1030 Fifth Avenue. The sellers were Duke Bucha and Hannah Buchan. The co-op has four bedrooms and our and a half bathrooms.
- Creative Industries Corporation sold a multifamily property at 54 Carmine Street for $18.8 million. The buyer was an LLC tied to Bahram Hakakian of Allied Realty & Development. The building has 18,000 square feet with 32 apartments, or $1,000 per square foot.
- 159-161 Prince Street sold for $18 million, a 40% discount. The seller was an LLC tied to JSRE Management. The buyer was an LLC tied to Flatiron Realty Capital. The buildings contain 40 apartments.
- George Logothetis sold the home at 13 East 94th Street for $15.5 million.
- UPS sold a 72,200-square-foot industrial building at 4275 Boston Road for $15.2 million, or about $210 per square foot. The buyer was an LLC tied to Sitex Group. UPS will continue to lease the property.
- A penthouse at 470 Columbus Avenue sold for $15 million. The buyer of the sponsor unit was The Yonatan THC LLC. The 4,000-square-foot duplex has four bedrooms and 4.5 baths.
- 53 West 53rd Street: Frederico Wasserman purchased a sponsor unit for $14.3 million.
- Hotel Vetiver at 29-11 39th Avenue in Long Island City sold for $14.3 million. The seller was an affiliate of Rialto Capital Advisors, and the buyer was an LLC named after the property's address. The 28,400-square-foot hotel has 68 rooms.
- The Music Hall of Williamsburg at 66 North 6th Street sold for $14 million. The seller was Asana Partners. The new owners are companies tied to Michael Weitzman.
- A multifamily complex at 596 Grand Avenue sold for $12.3 million. The seller was an Avanath Capital affiliate. The buyers were companies tied to ABJ Properties and KABR Group. The complex has 52 apartments and covers almost 56,400 square feet, priced at $220 per square foot.
- A townhouse at 22 East 68th Street sold for $10.5 million. The home stands are just over 3,300 square feet, or $3,200 per square foot. The seller is an LLC named after the address. The buyer in the latest deal was LDN Investments LLC.
- Brian and Karen Cohen bought a sponsor unit at 53 West 53rd Street for $10.4 million.
- A nearly 4,000-square-foot sponsor unit at AORE Holdings' 85 Worth Street sold for just under $10 million or roughly $2,500 per square foot. The unit has three bedrooms and four bathrooms. The buyer was DAPM LLC.
- A trust tied to Mark Affolter, a portfolio manager at Ares, paid $9.8 million on a condo at 16 Debrosses Street in Tribeca. The seller of the unit was Cooperlauritzen Properties LLC. The unit measures about 3,300 square feet, or 3,000 per square foot.
- Konrad Stefan Sonnenfeld and Melissa Papageorge sold a condo at 30 Crosby Street for $9.2 million. The buyer was Raven NYC Inc., which purchased 4,10a 4,100-square-foot property with three bedrooms and three bathrooms.
- Alexandra and Maria Laracy paid $9.1 million for a penthouse at 225 Fifth Avenue. The sellers were Alessandro and Renata Carlucci. The four-bedroom unit measures 2,900 square feet. It went on sale in September with an asking price of $9.8 million.
- Jesse Delia bought a condo at 56 Crosby Street in Soho for $9.1 million. The unit spans about 4,400 square feet, pricing the sale at about $2,100 per square foot. The seller was an LLC tied to Teddy K. Kang. The latest transaction appears to have been off-market.
- Amy Won and Stephen Tait paid $9 million for a townhouse at 757 Carroll Street in Park Slope. The sellers were Christopher Mitchell and Pilar Guzman, along with Gregg Mitchell and Andrea Chu.
- Gregory and Jaime Pessvin bought a duplex at the Apthorp at 2211 Broadway for $8.5 million. The seller was Qiao Chu Rachel Bu. The latest transaction appears to have been off-market
- A two-family townhouse sold for $8.3 million. The seller of 42 Monroe Place was the Yancey Family. The buyer was an LLC named after the address. The 26.5-foot-wide home has two duplexes with separate entrances. Combined, the property spans over 6,400 square feet.
- A townhouse at 409 Sackett Street sold for $8.2 million. The seller was an LLC. The buyers were Mark Grennan and Daire Hickey. The five-bedroom home has 4,440 square feet.
- A condo at 555 West 22nd Street sold for $7.7 million. The buyer of the sponsor unit at 555 West 22nd Street was an LLC managed by Mun Soo Kang. the 2,500-square-foot, three-bedroom.
- An LLC tied to Namdar Realty Group and Klosed Properties purchased a commercial condo at Essex Crossing's 140 Essex Street. A newly built senior housing complex, for $7.6 million from an LLC tied to Settlement Housing Fund and Essex Crossing's sponsors. The unit spans about 10,200 square feet, pricing the deal at roughly $745 per square foot.
- Fazal and Shama Rahman paid $7 million for a four-bedroom sponsor unit at Related Companies and Oxford Properties Group's 35 Hudson Yards. The unit spans roughly 3,400 square feet, pricing the deal at around $2,100 per square foot.
- A trust tied to Anastasia Fetisov sold a condo at 1 Central Park West for $6.9 million. The buyer was an LLC tied to Mark Boidman. It spans about 2,300 square feet and has three bedrooms and 3.5 baths.
- SSJS Hudson Partners, LLC paid $6.2 million for a 2,200-square-foot sponsor unit at 500 West 18th Street, or $2,900 per square foot.
- Peter Barbey and Pamela Barbey bought a condo at 20 East 76th Street, the redeveloped Surrey Residences, for $11 million. The two-bedroom unit has 2,100 square feet, or $1,200 per square foot.
- A trust tied to Austin-based developer Perry Lorenz sold a 20-foot-wide, four-story townhouse at 125 West 15th Street for $7.5 million. The buyer was Furnival LLC. The property is configured as a two-family home, with five bedrooms and four bathrooms.
- A townhouse at 123 East 69th Street sold for $9.9 million. The sellers were James Yellen and Mary Yellen, and the buyer was UES Holdings 2015 LLC. The townhouse is about 8,000 square feet.
- George Hickmet sold a condo at 150 Charles Street for $6.6 million. The buyer was MJPH2 Company, LLC. The two-bedroom residence has 1,600 square feet, or $4,200 per square foot.
- Naftali Group sold a sponsor unit at its Upper West Side development, The Henry, at 211 West 84th Street, for $5.8 million. The buyer of the three-bedroom, 2,300-square-foot unit was JWB 211 West 84th LLC.
- A condo at 171 West 57th Street sold for $5.8 million—Blue Icarus LLC, seller; Tomco Holdings LLC, buyer. The four-bedroom condo measures 2,800 square feet. Or $2,100 per square foot.
- Peter Merelis, via a trust, sold a co-op at 100 Grand Street for $5.8 million or $2,100 per square foot. The buyers, through a trust, are Jace Richardale and Allegra Richdale. The unit spans 2,800 square feet and has two bedrooms and two bathrooms.
- Ruben Flores and Kim Sprague snapped up a sponsor unit at the Waldorf Astoria Residences at 301 Park Avenue for $5.6 million. The two-bedroom unit spans about 1,700 square feet, or $3,300 per square foot.
- Blaise DiPersia sold a co-op at 3 East 71st Street for $5.1 million. The buyers were Charles and Helen Marino. The unit has three bedrooms and two and a half baths.