Buildings for Sale:
- Paramount Group is in the midst of a second round of bidding for a potential sale to go private, drawing the likes of major institutions such as Vornado and SL Green to the table.
- UDR and MetLife are selling a five-building, 710-unit multifamily portfolio near Columbus Circle for $450 million to $500 million. Four buildings are free market, and the fifth has significant rent increase potential under the 421a program.
- Vornado plans to sell the 550,000-square-foot Architects & Designers Building at 150 East 58th Street for over $250 million, seeing it as prime for residential conversion or office rebranding.
- Olnick is seeking roughly $60 million for a largely vacant patch of land on University Avenue between West 168th and West 170th streets in Highbridge.
- Rialto initiates foreclosure on Brookfield's Brooklyn Commons over a defaulted $133 million loan.
- RFR lists 66 East 55th Street, the former Core Club space for $40 million.
- The Herald, a 166-key hotel run by LuxUrban Hotels, is alleged to not paying rent at 960 Sixth Avenue. A judge approved the landlord's eviction request this summer.
- 750 Lexington Avenue received a valuation of $41 million from its $300 million valuation in 2015. The building's occupancy and net operating income have declined, leading to a foreclosure case. Cohen faces a separate $187 million judgment from Fortress Capital.
Buildings Sold:
- RXR sold a $1.08 billion deal for 590 Madison Avenue with a big private equity loan. Apollo Global Management provided $785 million in debt to finance RXR's $1.08 billion purchase from the State Teachers Retirement System of Ohio.
- Miki Naftali's bought 800 Fifth Avenue for $810 million. The sellers were Eliot Spitzer and the Winter Organization. The 33-story rental building has 208 units. Naftali,and partners, plan to tear down the tower and replace it with a new one.
- Vornado Realty Trust signed an agreement to buy 623 Fifth Avenue for $218 million. The building, is 75% vacant, will be redeveloped into Class A office space.
- Tavros Capital will buy 250 Water Street for $150.5 million from Seaport Entertainment Group.
- David Werner in Hudson Yards bought 440 Ninth Avenue for slightly more than $100 million or about $243 per square foot.
- MML Hospitality purchased the 113-key property at 9 Orchard Street for $92 million, or about to $814,000 per key.
- A penthouse at Aurora Capital Associates' 140 Jane Street, which last asked close to $88 million spans 9,500 square feet, has gone to contract.
- Aurora Capital Associates snagged a signed contract for a penthouse at 140 Jane Street, asking $87.5 million.
- A Savanna affiliate transferred all of its interest at 141 Willoughby a 400,000-square-foot office building to Capstone Equities for $86 million. Capstone plans to convert 141 into 200 residential units. Savanna affiliate also transferred a parcel, at 383 Gold Street, to Capstone Equities.
- Rabsky Group sold a mixed-use property at 146 South Fourth Street for $82.5 million. The buyer was Pacific Urban Investors.
- The Shops at Atlas Park at 80-00 Cooper Avenue sold for $72 million. The buyer was Askenazy Acquisition Corp. The seller was Macerich. The property contains 370,000 square feet, about $195 per square foot.
- Lincoln Property Company and Cross Ocean Partners bought the leasehold interest and the office building at 470 Vanderbilt Avenue from RXR for $70 Million.
- An apartment complex at 56 North Ninth Street sold for $66.3 million. The seller was Double U Realty and the buyer was Rockpoint Group, Lincoln Property Company and Land Labor Capital. The property has 30,000 square feet of retail space.
- CIM Group and LIVWRK sold the Retail condos at 85 Jay Street to an affiliate of Namdar Realty Group for $54.5 million.
- The Roman Catholic Church sold a church and two religious facilities at 329, 341, and 343 West 25th Street for $48.3 million. The buyer was an affiliate of Timber Equities, that plans to raze the site for redevelopment.
- A commercial condo at 1600 Flatbush Avenue sold for $41 million. The seller was Triangle Equities, The buyer of the 64,000-square-foot retail condo was Parviz Farahzad,
- ASG Equities sold 458 86th Street in Brooklyn for $47.5 million to MCB Real Estate and Osiris Ventures. MCB and Osiris plan a $100 million redevelopment for the 95,000-square-foot retail property,
- Bridges Development Group and ACHS Management Corp. sold a development site at 73-99 Empire Boulevard for $42.5 million. The buyer was CW Realty. The City Council approved a rezoning of the area.
- Republic Investment Company and Capstone Equities picked up the Smyth Hotel, which spans more than 71,000 square feet, at 85 West Broadway for about $40 million. The seller was a joint venture with Korman Communities
- The six-story retail portion of 229 West 43rd Street sold for $28 million. Kushners, lost the property to foreclosure after paying $295 million. The buyer took over the property from the lender and plans to redevelop the property, which is about 35% occupied.
- A condominium at 730 Fifth Avenue on the 16th-floor sold between two LLCs for $28 million, about $6,300 per square foot, in an off-market deal. The condo has three bedrooms and three bathrooms.
- The Domain Companies paid $26.8 million for 35-33 and 35-45 41 Street in Long Island City. Mayer Malbin sold the 25,600-square-foot industrial site.
- A unit at 157 West 57th Street, on the 66th-floor condominium, transferred from one LLC to another for $24 million. The unit is about 4,200 square feet, or $5,700 per square foot.
- 40 Thompson Street sold for $23.1 million. John Krasner purchased the property from EPIC's. The 30,900-square-foot property sits at the corner of Thompson and Watts.
- Slate Property Group sold two sponsor units at 118 West 13th Street to anonymous LLCs for a combined $23.5 million. The Parlour 13 LLC paid $13.3 million for a condo and storage unit at the building, and Stoken church LLC paid $10.3 million for another condo and storage unit.
- The historic Washington Square Hotel sold for $22 million to Library Hotel Collection. The property has 49,213 square feet and 152 rooms.
- A full-floor at 520 Park Avenue sold between anonymous LLCs for $22 million, 4,600 square feet or about $4,800 per square foot.
- A buyer paid $22 million for the full-floor unit that measures about 8,400 square feet about $2,600 per square foot for a co-op at 995 Fifth Avenue.
- Zano Industries sold a parking facility spanning three parcels at 20-15 130th Street for $20 million. The buyer was an affiliate of Turnbridge Equities.
- Standish Development Corp. sold two commercial portions of a 108-unit co-op building at 134-54 Maple Avenue for $20 million. The buyers were two companies tied to Zifeng Chen.
- The three-story town house at 230 West 11th Street sold for $20 million between two LLCs that hide the identities of the true parties. The 25-foot-wide Italianate town house dates to 1860.
- Ponte Equities sold Unit 10W condo unit at 70 Vestry Street for $18.7 million in an off-market deal, The buyer was an LLC. The three-bedroom pad spans about 2,600 square feet, or to about $7,200 per square foot.
- With Appreciation LLC paid $17.7 million on a 19th-century, Greek Revival town house at 246 West 12th Street. The seller was a company tied to Jonathan Chen.
- 217 West 57th Street: Matthew Kaulig, and Lisa Kaulig paid about $17.6 million or $5,200 per square feet for a 3,400-square-foot, three-bedroom sponsor unit.
- A vacant property at 11 Hubert Street sold for $17.4 million. The buyer was RIL USA, the U.S. The seller, RJP NY Property Holdco LLC.
- Charles B. Moss, Jr. bought a sponsor condominium unit at 50 West 66th Street for $16.8 million, or about $3,700 per square foot. The 4,500 interior square feet and has five bedrooms and five bathrooms.
- A five-story, 20-unit walk-up at 194 West 10th Street sold for $16.6 million. The buyer was Shinko Co. which purchased the property from an LLC named after the address.
- A development site at 10 West 17th Street sold for $16.2 million. The seller was an affiliate of Anbau and the buyer was an affiliate of Prosper property Group.
- For $16 million, Honda of the Bronx sold its service location at 1133 Zerega Avenue. The buyer was Island Auto Group.
- Honda of the Bronx sold 2543 East Tremont Avenue to Island Auto Group for $16 million.
- The Cayre Group sold two apartment buildings to the Carlyle Group. For $15.8 million. The buildings, at 269 Washington Avenue and 238 Hall Street have 10 units each.
- An LLC managed by Biana Dudler sold a condo on the 52nd floor of 432 Park Avenue for $14.7 million. The buyer was another LLC. The condo is 3,600 square feet, or about $4,100 per square foot for the three-bedroom unit.
- Jake Gyllenhaal sold a three-bedroom condominium at 443 Greenwich Street in Tribeca for $14 million. The new buyer is an LLC with an address in Los Angeles. The unit spans 2,900 square feet, pricing the deal at more than $4,800 per square foot market deal.
- A six-story, 18-unit walk-up at 317-319 Second Avenue sold for $13.5 million. The seller was an affiliate of Icon Realty Management and the buyer was an LLC named after the building.
- A town house at 163 East 78th Street sold for $12.7 million. The buyer was a trust tied to Anna DerParseghian and the seller was a company signed to Robert Gregory Eisner and Malda Nadi Hibri for the 36-foot-wide single-family.
- A two-story, more than 35,000-square-foot warehouse sold for $12 million. The seller of the property at 41-39 39th Street was a company signed to Joshua L. Goldman. The buyers were Oakland Trading Corp. and 4141 Group LLC.
- Extell sold a unit at 50 West 66th Street to Andrew and Stacey Feller who paid $11.7 million for a 3,900-square-foot, five-bedroom or about $3,000 per square foot.
- Carlos Saavedra and Nicole Eckstrom sold a newly renovated, move-in-ready brownstone at 51 Tompkins Place in Cobble Hill for $11.5 million. The buyer was an LLC. The three-story property was built in 1899.
- A company managed by David Fu sold a five-story, mixed-use property with five apartments at 385 Broome Street. The buyer, a company tied to DAX Real Estate, paid $10.9 million for the building.
- Realex Development sold two, adjacent one-story industrial buildings at 89-02 Atlantic Avenue and 94-33 89th Street for $10.7 million. The buyer was an affiliate of Rosemont, Illinois-based Venture One Real Estate.
- Liam Neeson sold his place at 111 West 67th Street for $10.3 million. The buyers were Martin Zetterberg and Joanmarie Land Zetterberg. The residence spans 4,500 square feet and has five bedrooms and five bathrooms.
- The New School sold a town house at 21 West 11th Street for $10.3 million. The 20-foot-wide property dates to 1850 and stands five stories tall. The buyer was a trust connected to Michael B. Benner.
- The development site at 1548-50 Bedford Avenue sold for $10.1 million. The seller was All Year Management, who had planned to build a 100-key hotel. The buyer was Avery Hall.
- Avista Capital Partners sold two condo units and a parking space at 525 Park Avenue in Lenox Hill to Zachary Pack for $9.9 million, The four-bedroom, 4,000-square-foot unit.
- Frederic and Melissa Dassori scooped up a town house at 131 East 95th Street for $9.5 million. The sellers were George and Leslie Biddle, 5,300 square feet. It has four bedrooms, a garden, and a built-in barbecue area.
- Alexander Wang, his sister and mother paid $9.5 million on a retail property at 58 Bowery in Chinatown via two trusts. The seller was HSBC Bank/Citizens Savings Bank. The property is known as the Bowery Bank Building, which was land marked in 2011.
- A six-story walk up sold for $9.4 million. The seller was an affiliate of Serota Ventures. The buyer was an LLC named after the address. The property has 20 apartments and contains about 11,000 square feet or about $900 per square foot.
- A town house at 219 Kane Street with an attached garage was sold for $9.3 million. The sellers were Christopher and Kimberly Browne, and the buyers were Helga Locascio and Marco Locascio, via a trust, and Emily O'Brien.
- James and Sally Ratigan sold a condominium at 63 West 17th Street for $7.8 million. The buyers were attorney Peter Sluka and Yixiao Feng. The price for the 4,100-square-foot, split-level unit works out to about $1,900 per square foot.
- Two LLCs, one tied to attorney Michael Utevsky and the other to Lawrence Berger, sold a mixed-use property at 165 Sherman Avenue for just under $9 million. The buyer was a holding company managed by Demetrios Moragianis.
- One Wall Street, sold Unit 3304 sold for $9.08 million, or over $3,000 per square foot.
- A trust tied to Alberto Goldberger, a Bloomberg executive, scooped up a sponsor unit at 200 East 20th Street, developed by Tidhar Group, for $7 million. The Gramercy Park penthouse measures nearly 2,500 square feet or about $2,800 per square foot.
- Honda of the Bronx sold 2543 East Tremont Avenue to Island Auto Group for $16 million to Aaronson.
- Aaronson also recently acquired a service location from the Bronx dealership at 1133 Zerega for $16 million.
- A trust tied to Baruch Travitsky paid $13.3 million for a condominium at 443 Greenwich Street. The seller was an LLC. The three-bedroom unit spans just over 3,000 square feet, or about $4,400 per square foot.
- A pre-war triplex in Lenox Hill marked the top residential deal recorded in the Big Apple. Lois Chiles, sold the three-level co-op at 953 Fifth Avenue for $12 million to a trust tied to Jacqueline McCoy. The three-bedroom co-op.
- A trio of multifamily buildings at 140-42, 140-44, and 140-46 Sanford Avenue sold for $12 million. Combined, the portfolio has 102 residential units and 36,000-square-feet.
- Extell sold 50 West 66th Street. Andrew and Stacey Feller paid $11.7 million on a 3,900-square-foot, five-bedroom pad. The deal works out to roughly $3,000 per square foot.
- A company managed by David Fu sold a five-story, mixed-use property with five apartments at 385 Broome Street in Little Italy. The buyer, a company tied to DAX Real Estate, paid $10.9 million for the building.
- Jessica Tisch sold a four-bedroom co-op at 9 East 79th Street on the Upper East Side for $10.5 million. The buyer was John Berger. The duplex measures about 4,000 square feet, or about $2,600 per square foot.