The Real Deal New York

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Address
Size info
Price
Tenant
Representative
Landlord
Landlord Representative
Notes
Issue
AddressSize InfoPrice (in millions)BuyerBuyer RepresentativeSellerSeller RepresentativeNotesIssue
127 East 79th St, NY
MAP
n/a48The Brodsky OrganizationI. Schuman, D. Horowitz, StudleyThe Lois and Samuel Silberman Fund Inc.I. Schuman, D. Horowitz, Studley
The property sold for $48…
The property sold for $48 million.
December 2009
31 West 27th St, NY
MAP
n/a45.7Soho Propertiesn/aThe Witkoff Groupn/a
The property sold for $45.7…
The property sold for $45.7 million. The seller originally acquired the building in 2006 for $31.5 million.
December 2009
960 Sixth Ave, NY
MAP
n/a40Hidrock Realtyn/aSociete GeneraleChristopher Okada, Okada & Co.
The $95 million nonperforming mortgage…
The $95 million nonperforming mortgage note sold for $40 million. Signature Bank provided a $7 million mortgage for the purchase.
December 2009
10 West 74th St, NY
MAP
n/a38West 74 LLCn/aBlackRock Diamond Property FundDarcy Stacom, CBRE
The property sold for $38…
The property sold for $38 million. The seller originally acquired the building in 2006 for $45 million.
December 2009
63 West 38th St, NY
MAP
n/a29.5Aini Assetsn/an/aM. Meyer, E. Meyer, FirstService Williams
The property sold for $29.5…
The property sold for $29.5 million. The buyer reportedly plans to add six floors to the building and convert it into a hotel.
December 2009
152-11 89th Ave, NY
MAP
n/a26.63Guttman Realtyn/aCaritas HealthcareLarry Weiss, CBRE
The two bankrupt former hospital…
The two bankrupt former hospital sites sold at auction for $26.63 million. The buyer has not settled on an official use for the two properties, the Mary Immaculate Hospital campus in Jamaica and the St. John's Queens Hospital property in Elmhurst, but is considering transforming the Mary Immaculate site for educational, religious, non-profit or governmental use, and using the St. John's site as an office building. The New York state Dormitory Authority last month asked the U.S. Bankruptcy Court to hold off on approving the sale, but that motion was rejected, Crain's reported.
December 2009
205 West 88th St, NY
MAP
n/a26West 88th LLCA. Jungreis, J. Blatter, Rosewood Realty Group205 Realty LLCA. Jungreis, J. Blatter, Rosewood Realty Group; M. Ezratty, B. Ezratty, Eastern Consolidated
The elevator building sold for…
The elevator building sold for $26 million. The price represents a gross rent multiple of 13. The seller originally acquired the property in 1993 for around $2.5 million.
December 2009
Fifth Ave between West 116th and West 117th St, NY
MAP
n/a21.93L&M Equitiesn/aMetrovest EquitiesS. Shkury, T. Donovan, Massey Knakal
The 120-unit elevator building and…
The 120-unit elevator building and adjacent development site sold for $21.93 million. The property spans the entire Fifth Avenue block between West 116th and West 117th streets.
December 2009
120 MacDougal St, NY
MAP
n/a11.2Benchmark Real Estate GroupK. Salmon, M. Marshall, Salmon & Marshalln/aK. Salmon, M. Marshall, Salmon & Marshall
The two multi-family properties sold…
The two multi-family properties sold as a package for $11.2 million. The price represents a gross rent multiple of 9.8. There are a total of 34 rent-regulated apartments and 20 market-rate apartments, as well as four stores.
December 2009
150 East 23rd St, NY
MAP
n/a9.5n/an/aVercesi Hardware ownersLarry Stryker, Besen & Associates
The two adjacent loft buildings…
The two adjacent loft buildings sold for $9.5 million, or $460 per square foot. The buildings are three-story and six-story retail/office properties with 28,714 square feet of usable air rights. The sales price represents a price per buildable square foot of $192. The ground floor retail and second floor of both buildings will be vacated upon closing.
December 2009
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