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March 2019

March 2019 » Market Analysis » NYC Buildings For Sale

March 2019 New York Buildings For Sale

Buildings For Sale:

CIM Group is considering selling 246 Spring Street, the former Trump Soho Hotel.

77 East Third Street, the Hells Angels motorcycle gang is selling its clubhouse to a New York LLC known as East 3rd Street.

130 Bowery, the high-end events space Capitale, formerly the Bowery Savings Bank headquarters will be sold through auction and does not have an asking price. The building contains 32,000 square feet. The owners are open to selling it vacant so the space can be repurposed.

China Oceanwide Holdings is putting 80 South Street on the market. The Beijing-based company purchased the site about three years ago and is looking to sell it for around $300 million.

The 1,331 room Row hotel at 700 Eighth Avenue is up for sale for 220 million.

Buildings Sold:

A partnership between 60 Guilders and RCG Longview bought 1760 Third Avenue. a student-housing building and paid $212.5 million for the 506-unit building. The purchase price for the 19-story, 263,000-square-foot building works out to slightly more than $800 per square foot.

Home Depot bought two Bronx properties for $40 million for two commercial buildings along East Gun Hill Road, near the Bay Plaza Shopping Center in the Bronx. The seller was Madison International Realty.

A two-story industrial building at 2197 Third Avenue between 119th and 120th Streets in East Harlem sold for $10 million. The seller was 2201 Third Avenue LLC and an entity tied to developer Sharon Kahen.

The third floor condo at 375 Greenwich Street, a 6,000-square-foot office condo was sold to Cape Advisors, for over $6 million.

126 East 38th Street , a three-story office building that was the headquarters of Carlin America Inc., sold for $11 million to Lia Holdings Inc.

The Pelham Bay Diner and neighboring parking lot located at 1920 East Gun Hill Road in the Bronx was sold to Wharton Properties for $10.25 million.

Rockefeller Group bought vacant land at 156 West 48th Street, after holding a long-term lease on the property, for about $24.3 million. The seller was Ian Goldrich. Rockefeller owns much of the block, once known as Music Row.

384 Fifth Avenue, a 28,000-square-foot commercial and retail building,in Midtown South sold for $23.5 million. The buyer is Korean investor Jinduck Seo. The building also has 25,700 square feet of air rights.

670 Broadway was sold to the Cara Investment GMBH who paid $130.5 million for the property.

338 West 36th Street’s newly constructed 570-room hotel is in contract to sell to Magna Hospitality Group. The price was undisclosed. The property has $185 million in debt. .

1393 York Avenue, The Church of the Epiphany sold its York Avenue headquarters for $68 million to Weill Cornell Medical College. The Church of the Epiphany then bought a new location at 351 East 74th Street from the Jan Hus Presbyterian Church for 22.5 million.

50-68 West Fordham Road in the Bronx, a one-story retail property, was sold for $11.5 million to Chestnut Holdings by securing $6.85 million in financing for the deal.
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