From left: Michael DeCheser, Darragh Clarke, Mei Ling Wong and 79 Eldridge

A vacant lot located at 79 Eldridge Street between Grand and Hester streets has hit the market for $4.55 million, Bowery Boogie reported — noting that small vacant lots like this one are increasingly being sold in the area. [more]

320 West 36th Street

Raber Enterprises has paid $33.5 million for three adjacent commercial lots in Midtown West, and is likely to develop a hotel on the site, The Real Deal has learned. The deal for 320 West 36th Street, an 8,145 square-foot lot, 321 West 35th Street, a 3,521 square-foot-lot, and 325 West 35th Street, a 1,760 square-foot lot, closed on Dec. 18. An executive from Raber who declined to be named said the site would be developed for commercial use…. [more]

From left: 27 West 24th Street and Thomas Gammino

The Kaufman Organization has purchased a commercial building at 27-35 West 24th Street in Midtown South for $55.5 million, Crain’s reported. Four years ago, at the height of the market, the 11-story property was under contract for $52 million. Thomas Gammino of Massey Knakal, handled the sale and said that in 2008 when the previous sale contract was ready to be signed, Lehman Brothers collapsed, ushering in the recession. [more]

Massey Knakal’s James Nelson, 55-59 Delancey Street and 380-386 Broome Street

A five-building portfolio — including properties on Delancey Street, Broome Street and Christopher Street — has traded for about $50 million, Crain’s reported. Those buildings include 55-59 and 61-63 Delancey Street, and 380-386 Broome Street. A fifth building is located on Christopher Street. [more]

18 East 64th St. and Guthrie Garvin

A 25-foot-wide, 11,000-square-foot Upper East Side building has hit the market for $40 million, the New York Observer reported, and offers the chance for a single-family conversion. Massey Knakal is exclusively marketing the property.

The five-story building, located at 18 East 64th Street between Madison and Fifth avenues, currently consists of office and residential space. [more]

From left: Paul Massey, Hall Oster, Rob Shapiro and 1080 Amsterdam Ave. (credit: PropertyShark)

Massey Knakal has arranged a 99-year lease at 1080 Amsterdam Avenue at 113th Street in Morningside Heights, the New York Observer reported.

This is the same building for which SL Green and Stonehenge Partners formed a joint venture this summer, with plans to turn the property into a luxury residential redevelopment project, as The Real Deal previously reported. The venture plans to shell out $13 million for renovations and redevelopment. [more]

Robert Knakal

The dollar volume of investment sales in New York has seen a “significant” increases this year, as property owners try to beat next year’s anticipated capital gains tax increase, according to Robert Knakal, Massey Knakal Realty Services chairman, Globe St. reported.

The brokerage’s total dollar volume was $7.3 billion in third quarter of 2012 and year-to-date it reported $22 billion in dollar volume. When annualized, MK’s dollar volume is expected to reach approximately $29 billion, a 6 percent increase from $27.5 billion the previous year. [more]

From left: Bob Knakal, David Simone, 530 East 169th Street and 480 East 188th Street (buildings credit: PropertyShark)

The defaulted $36.5 million loan on the Robert Fulton Terrace and Fordham Towers in the Bronx sold for $31 million, a release from the brokerage Massey Knakal Realty Services said.

The note was secured by the 17-story Robert Fulton Terrace at 530-540 East 169th Street in Morrisania and the 15-story Fordham Towers at 480 East 188th Street in Belmont. A release from Massey Knakal said the note “was sold in a transaction valued at $31 million.” The note buyer was not identified. [more]

A parking lot in the Chelsea area, ripe for redevelopment, is on the block marketed by Massey Knakal, Crain’s reported. The 11,850-square-foot parcel at 132-142 West 27th Street, between Sixth and Seventh avenues, is being marketed by James Nelson. Zoning allows up to 118,500 square feet of hotel or light manufacturing properties, Crain’s said. [more]

From left: Bob Knakal and 139 Emerson Place

The 45,670-square-foot, 50-unit affordable housing property located at 139 Emerson Place in Clinton Hill has traded for $11 million in cash, Brownstoner reported. Massey Knakal brokered the deal. The building rises six stories high and has 12 parking spaces. Brownstoner said this marks Massey Knakal’s second affordable-housing sale in the neighborhood so far this year. The property is located in between Myrtle and Willoughby avenues. [more]