140 West 57th Street

In its quest to shave off excesses and shake off a number of inherited leases that were too large and too expensive under its new ownership, Kate’s Paperie may have made one misstep.

The stationery store chain, which recently made a return to Soho, opening a pop-up shop in 2,300 square feet at 435 Broome Street, is struggling to fight a lawsuit from the Feil Organization for allegedly skipping out on a 15-year lease agreement at Feil’s building at 140 West 57th Street. [more]

The Coney Island property at 1001 Boardwalk West

Developer Joseph Sitt’s sale of 6.9 acres of Coney Island property proved the largest commercial sale to close in the fourth quarter of 2009, according to data compiled by PropertyShark.com for The Real Deal. The Coney Island sale closed at $95.6 million, handily trumping the second place deal, which had a closing price of $84.35 million. The sales include all commercial properties. See the accompanying chart for the top five deals in the fourth quarter.
TRD

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