market research

May 2008

May 2008 » Market Analysis » NYC Buildings For Sale

May 2008 New York Buildings For Sale


  • 650 Madison Avenue, a 27-story, 600,000 RSF office building, was sold to Ashkenazy Acquisition Corp. for $695 million.
  • 1250 Broadway, a 39-story, 670,000 RSF office building, was sold to Murray Hill Properties for $310 million.
  • 100 Fifth Avenue, a 19-story, 240,000 RSF office building, was sold to Rock New York (100-104 Fifth Avenue) LLC for $152 million.
  • 100-104 Fifth Avenue, a 20-story, 270,000 RSF office building, was sold to Rock Investments for $150 million.
  • 370 Canal Street, a 20-story hotel, 360 rooms total, was sold to Magna Hospitality Group for $83 million.
  • 8 Gramercy Park South and 141 East 33rd Street, 2 mixed-use buildings, 180,000 RSF total, was sold to Stonehenge Partners for $83 million.
  • 28-30 West 57th Street, a 34-story, 32,144 RSF office building, was sold to The LeFrak Organization for $56 million.
  • 318 East 15th Street (Booth House), a 12-story, 112,898 RSF apartment building, 140 units total, was sold to Arun Bhatia Development for $56 million.
  • 64 West 48th St, a 17-story, 130,000 RSF office building, was sold to Muss Development for $54 million.
  • 38-40 and 42-50 Greene Street, three 5-story office buildings, 110,000 RSF total, was sold to Zar Property NY; Nassimi Realty for $50 million.
  • Washington Heights portfolio, 7 mixed-use buildings, 323 residential units total, was sold to Perseus Management for $44 million.
  • 505-513 West 43rd Street, Development site, was sold to Magna Hospitality Group for $42 million.
  • 134 West 58th Street, a 15-story apartment building, was sold to Benedict Properties for $39 million.
  • 777 Washington Street, a 4-story, 20,000 RSF mixed-use building, was sold for $34 million.
  • 127-131 West 25th Street, a 12-story, 89,000 RSF mixed-use building, was sold to Real estate partnership for $32 million.
  • 408-410 Broadway, a 5-story, 60,600 RSF commercial building, was sold to Vanick Properties for $29 million.
  • 6-12 Water St, a 5-story, 21,000 RSF office building, was sold to McSam Hotel Group for $27 million.
  • 431 West 33rd Street, Development site, was sold to McSam Hotel Group for $24 million.
  • 3581 Broadway, Development site, was sold to Columbia University for $20 million.
  • 176-182 West 82nd St, Four 5-story apartment buildings, 30,000 RSF total, was sold to Navistone Amsterdam LLC for $19 million.
  • 15 Broad St (Downtown by Philippe Starck), Commercial condo, was sold for $18 million.
  • 65-67 Greene Street, Two 5-story mixed-use buildings, was sold to a Manhattan investor for $15 million.
  • 145-147 East 47th Street, 4-story, 8,980 RSF retail building, was sold to a Manhattan developer for $12 million.
  • 111 Mercer Street, a 5-story, 11,332 RSF office building, was sold to Mercer 111 LLC for $12 million.
  • 128 East 62nd Street, 6-story, 7,890 RSF apartment building, was sold for $6 million.
  • 647-53 West 174th Street, 30,000 RSF apartment building, 40 units total, was sold for $6 million.
  • 124-26 West 139th Street, 5-story apartment building, 30 units total, was sold for $3 million.
  • 660 Park Avenue, a Commercial condo, was sold to Aerin Lauder Zinterhoffer for $3 million.
  • 225-227 East 24th Street, a 5,000 RSF retail condo, was sold to a Manhattan architect for $2 million.
  • 3857-3861 Third Avenue (The Bronx), a Development site, was sold to a Manhattan developer for $1 million.
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