|Address||Size Info||Price (in millions)||Buyer||Buyer Representative||Seller||Seller Representative||Notes||Issue|
|757 Nostrand Ave, NY|
|n/a||1||n/a||Matt Fotis, Marcus & Millichap||n/a||Matt Fotis, Marcus & Millichap|
The property sold for $1.66…
The property sold for $1.66 million, or $268 per square foot. The price represents a capitalization rate of 2 percent. The building was delivered 95 percent vacant.
|3857-3861 Third Ave, NY|
|n/a||1||Manhattan developer||n/a||n/a||David Canning, Massey Knakal|
The vacant site sold for…
The vacant site sold for $1.4 million, or $39 per buildable square foot. The property has approximately 36,858 buildable square feet. The buyer plans to build housing on the site.
|89 Douglass St, NY|
|n/a||1||Manhattan user||Nick Arnold, Corcoran||n/a||Ken Freeman, Massey Knakal|
The walk-up property sold for…
The walk-up property sold for $1.4 million, or $326 per square foot. The price represents a capitalization rate of 5.1 percent and a gross rent multiple of 13.5. Four units are rent-stabilized, two are rent-controlled and two are free-market. The property has an additional 1,200 square feet of air rights.
|411 Myrtle Ave, NY|
|n/a||1||Brooklyn investor||n/a||n/a||Michael Annunziata, Massey Knakal|
The property sold for $1.32…
The property sold for $1.32 million, or $330 per square foot. The building contains two one-bedrooms and one two-bedroom on floors two through four. The ground-floor retail space is occupied, but the lease is due to expire by mid-2008.
|98 Riverside Dr, NY|
|n/a||300||Northbrook Partners||n/a||AVJ Realty||n/a|
The portfolio sold for more…
The portfolio sold for more than $300 million. The properties include 98 Riverside Drive, 340 East 52nd Street, 56 Seventh Avenue and some condos at 172 West 79th Street. Also included in the deal were 185 Claremont Avenue in the Bronx and 105-05 69th Avenue in Queens.
|450 West 16th St, NY|
The property sold for $161…
The property sold for $161 million. The building is home to Milk Studios.
|180 Madison Ave, NY|
|n/a||150||The Claret Group; Prudential||n/a||Sitt Asset Management||Douglas Harmon, Eastdil Secured|
The property sold for $150…
The property sold for $150 million, or $540 per square foot. The seller acquired the building four years ago for $91.5 million.
|511 West 25th St, NY|
|n/a||97||Halcyon Real Estate Investors; Cardinal Real Estate Investment||S. Siegel, A. Weisman, Grubb & Ellis||511 W. 25th Street Corp.||S. Siegel, A. Weisman, Grubb & Ellis|
The package of offices, storage…
The package of offices, storage and galleries sold for $97.5 million.
|600 Broadway, NY|
|n/a||71||Alex Adjimi||n/a||Enterprise Asset Management||n/a|
The commercial property closed for…
The commercial property closed for $71 million, or more than $1,000 per square foot. The ground-floor retail space is occupied by Pottery Barn.
|156 William St, NY|
|n/a||60||Capstone Equities||Georgia Malone & Company||AFIAA||Represented in-house|
The property sold for $60…
The property sold for $60 million, or $240 per square foot. The seller acquired the building more than two years ago for $40.75 million.
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Inside the current issue - April 2014