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January 2012

January 2012 » Market Analysis » NYC Buildings For Sale

January 2012: Manhattan Buildings For Sale


Manhattan Buildings For Sale

The 12,083-square-foot parcel, is for sale which is right now home to a seven-story, mixed-use loft building, also comes with air rights from nearby properties. The buildings at 146-148 West 28th Street and parking lot at 140-144 West 28th Street offer 170,000 feet of buildable space.

A prime Midtown East development site at 249-53 East 50th is for sale with approximately 44,000 buildable square feet and 55 feet of frontage between Second and Third avenues.

A free-standing retail building near Columbia University's Manhattanville campus is for sale for $11 million. The 18,200-square-foot, rectangular building at 701 West 135th Street currently yields more than $400,000 in annual income from current leases with one retail suite still vacant. Alternatively, the two in-place leases each contain terms to provide for vacant delivery by summer 2012. "It's an opportunity to reposition a 20,000-square-foot building in a proven retail strip.
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