New York City office
and retail Market Research

January 2007

January 2007 » Market Analysis » NYC Buildings For Sale

January 2007 New York Buildings For Sale

New York Buildings sold

  • Stuyvesant Town and Peter Cooper Village, a 11,232 residential units in 110 buildings was sold to Tishman Speyer, Blackrock Realty for $5.4 billion.
  • 666 Fifth Avenue was sold to Kushner for $1.8 billion or $1,200/RSF. Kushner is reported to be selling the retail space of 99,000 SF for $640 Million.
  • 350 Park Avenue, a 37-story, 538,000 sf office building, was sold to Vornado Realty Trust Holdings for $542 million.
  • 1330 6th Avenue was sold to Macklow for $498 million. 1330 6th Avenue is a 522,000 RSF class A office building.
  • 2207 Broadway and 390 West End Avenue (The Apthorp), a 163-unit apartment building, was sold to Maurice Mann for $425 million.
  • 201 Park Avenue South ( W New York Union Square Hotel), a 270-room hotel, was sold to Istithmar for $285 million.
  • 95 Christopher Columbus Drive (Jersey City), a 19-story, 629,922 sf office building, was sold to Wells Real Estate Investment Trust II Inc. for $193 million.
  • 3 Mitchell Place (Beekman Tower Hotel), 222 East 39th Street (Eastgate Tower Hotel), two hotels with 359 rooms total, was sold to Peninsula Real Estate Fund I for $151 million.
  • 545 Madison Avenue, a 17-story, 140,000 sf office building, was sold to LCOR, Lehman Brothers, and Blackrock.
  • Queens West parcel (Long Island City), a 24-acre development site, was sold to City of New York for $100 million.
  • 140 West 42nd Street, a Development site, was sold to Istithmar for $76 million.
  • 139 Centre Street, a 177,000 sf office building, was sold to Angelo Gordon & Co., and Young Woo & Associates for $55 million.
  • 60-90 Metropolitan Avenue in Brooklyn, a Development site, was sold to Steiner Equities for $25 million.
  • 527 Greenwich Street, a 5-story, 38,000 sf office building, was sold to Beck Street Capital for $21 million.
  • 425 Fifth Avenue, a 9,200 sf commercial condo, was sold to Titanium Marketing Inc.
  • 901 Broadway, a 5-story, 19,400 sf mixed-use building, was sold to a New York City investor for $17 million.
  • 36-38 Hudson Street, a 6,598 sf retail condo, was sold to Louie Lanza, L2 Tribeca LLC for 3 million.
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