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September 2022

September 2022 » Market Analysis » NYC Buildings For Sale

September 2022 New York Buildings For Sale

Buildings for Sale:

Related Companies is looking to sell the Equinox Hotel, at 33 Hudson Yards. The 212-key property, which includes office and retail space, opened in 2019. The property includes office and retail space and opened in 2019.

Pacific Oak Capital and Savanna have defaulted on their loan for 110 William Street in the Financial District.

Cornell Realty Management owns a 15% stake in Churchill Real Estate’s Penn Plaza building at 257-263 West 34th Street filed for Chapter 11 bankruptcy.

Buildings Sold:

SL Green, along with foreign investors, paid $445 million for the 337,000-square-foot Plaza District office tower at 450 Park Avenue.

Empire bought 830 Third Avenue, a 14-story Midtown building, for $72 million from AEW Capital Management. The building was once the headquarters for the Girl Scouts of America and is 60% leased.

Entities connected to KLM Equities sold an assemblage of 11 mixed-use buildings in Harlem for $32 million to RJ Block Properties. Located at 2470 Eighth Avenue, 2714 and 2718 Frederick Douglass Boulevard, 271 West 144 Street, 203 West 118th Street, and 1941, 1968, 1972 and 1979 Adam Clayton Powell Boulevard.

An entity connected to California-based Turner Impact Capital sold Grand Concourse Academy Charter School at 625 Bolton Avenue in Grand Concourse, the Bronx, for $31.6 million to an entity tied to NJ Community Capital.

An entity connected to Bridge Investment Group sold a commercial condo unit at 63 Downing Street in Greenwich Village for $13 million to an entity tied to Rivers Holdings.

Gallagher’s Stud, sold the building that houses Gallagher’s Steakhouse at 228 West 52nd Street for $11.8 million to restaurateur Dean Poll’s Poll Group, which already owns the steakhouse.

An entity connected to Fairstead bought a mixed-use building at 725 Sixth Avenue in Chelsea for $10.8 million from 725 6th Ave. Management LLC.

Developer Lalezarian Properties bought a $6.8 million Murray Hill building and filed plans for a 200-unit mixed-use project spanning nearly 200,000 square feet.

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