July 2023 » Market Analysis » NYC Buildings For Sale

July 2023 New York Buildings For Sale

Buildings for Sale:

Paramount Global, the parent company of CBS, is considering a sale of its broadcast center at 524 West 57th Street.

Invesco is looking to sell its leasehold on 430 West 15th Street, a fully leased 100,000-square-foot converted parking garage, for $90 million, far less than the $150 million it paid Live Nation occupies all eight stories and 100,000 on a sublease it obtained from Palantir Technologies in 2017.

Buildings Sold:

  1. Davean Holdings’ and Meadow Partners' sold a pair of Greenwich Village apartment buildings with 67 units to a European family for $50 million. Two walk ups at 103 and 105 MacDougal Street
  2. Lam Group sold a 128-key building to Webster Apartments and bought a 128-key hotel at 229 Duffield Street in Downtown Brooklyn for $42 million.
  3. William Lauder paid $25 million for a 12th-floor unit at 778 Park Avenue.
  4. Barnett’s Extell Development sold a three-story commercial building at 533 West 27th Street and 534 West 28th Street to Silvera Properties for $24.5 million. Silvera can double the size of the existing building to 60,000 square feet as of right. The developer plans to buy additional air rights that will bring the total square footage to more than 77,000 square feet and a total price of roughly $35 million.
  5. Manhattan College unloaded a 95-unit dormitory at 3801 Waldo Avenue in Riverdale, for $18 million to Stagg Group. The property spans 92,000 square feet.
  6. Cadence acquired part of the project site from Bright Management for $15.5 million, and is in contract to buy the adjacent site at 360 West 52nd Street.
  7. Artifact Real Estate Development paid $13.5 million for an elevator apartment building at 492 St. Nicholas Avenue that was built in 2019, 17 residential units and one retail unit across 10,532 square feet. The seller is Boc St. Nicholas, LLC.
  8. Greenbrook sold an eight-unit residential building at 812 Eighth Avenue in Park Slope for $12.7 million to an entity tied to Carlyle. The walkup property, built in 1920, million.
  9. Rockledge, with PH Realty Capital, paid $11.3 million for an apartment building at 401 Edgecombe Avenue . The 66-unit building stands six stories and is 53,815 square feet.
  10. Empire recently acquired 529 Fifth Avenue for $102.5 million from Silverstein Properties.

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