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January 2013

January 2013 » Market Analysis » NYC Buildings For Sale

January 2013 Manhattan Buildings For Sale


The Lehman Art House has undergone a price cut from $65 million to $49.9 million. The asking price still makes the art house New York's most expensive office property on a price-per-square-foot basis Sony has finally been able to line up bidders for its 550 Madison Avenue building. The potential buyers include the Rockefeller Group, Mitsui Fudosan America, Vornado Realty Trust, Boston Properties, as well as teams of pension funds and some high net worth individuals. New York's largest office tower is getting ready to reopen, after being shuttered by Hurricane Sandy for nearly a month and damaged by a fire. The 3.8 million-square-foot 55 Water Street building had planned to reopen on December 1 but was unable to meet the deadline. Now the office tower is planning for a soft opening this week to allow tenants to inspect their spaces.
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