Buildings for Sale:
The real estate arm of insurer MassMutual put the 29-story 100 Wall Street up for sale, eyeing a figure of about $125 million That’s nearly $150 million less than Barings, through its subsidiary Cornerstone Real Estate Advisors, paid for the tower in 2015.Buildings Sold:
Jeffrey Wu is selling 41-60 Main Street in Flushing, Queens for $80 million to Madison Realty Capital. The 100,000-square-foot office and retail building is located in Downtown Flushing.An entity connected to the Holiday Inn Club, 501 Lexington Development LLC, paid $30.3 million. Sold by Timeshare Acquisitions At Lexington LLC, purchased the property in 2022 for $41 million.
Kodansha paid $27 million for the six-story office building at 25 East 22nd Street to seller Hannah Charitable.
Yechiel Newhouse paid $26 million to Related Companies for the 238-unit apartment building at 1500 Noble Avenue in Parkchester, in the Bronx. Related paid $38 million for the property in 2014.
241 West Broadway NY LLC paid $15.3 million for the mixed-use building at 241 West Broadway sold by 241-243 West Broadway LLC.
An investor paid $14.5 million to Philip Sprayregen for 803 Madison Avenue which is a vacant retail and office property.
The New York City School Construction Authority paid $10.25 million to St. Nicholas Home Inc. for its shuttered facility at 443-437 Ovington Avenue in Brooklyn.
Sherwood Equities sold the Renaissance New York Times Square Hotel at 2 Times Square to a joint venture of Apollo Global Management and Newbond Holdings for $165 million.
Standard International bought the 97-key Sixty Soho hotel at 60 Thompson Street for $107 million from Sixty Collective or in excess of $1 million per key.
A year after buying the shuttered Roger Smith Hotel, Florida-based Timeshares Only sold the property at a loss. An entity connected to the Holiday Inn Club, 501 Lexington Development LLC, paid $30.3 million. Timeshares Only, using Timeshare Acquisitions At Lexington LLC, purchased the property in 2022 for $41 million.