The Real Deal New York

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Address
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Tenant
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AddressSize InfoPrice (in millions)BuyerBuyer RepresentativeSellerSeller RepresentativeNotesIssue
154 Delancey St, NY
MAP
n/a15.75Sam Changn/an/aMichael DeCheser, Massey Knakal
The property sold for $15.75…
The property sold for $15.75 million, or $330 per buildable square foot. The current zoning for the site is C6-1, but a proposed C6-2A zoning change could boost the total buildable square footage to 47,706.
October 2008
180 Bowery, NY
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n/a11.78Manhattan investorn/aThe 114 Bowery CorporationRobert Burton, Massey Knakal
The property sold for $11.78…
The property sold for $11.78 million, or $393 per buildable square foot. The site has a three-story, 10,750-square-foot commercial building.
October 2008
555 Hutchinson River Pkwy, NY
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n/a11.68Baywood HotelsLaurence Ross, Besen & AssociatesWhitestone Motel Co.Laurence Ross, Besen & Associates
The Capri Whitestone Motel sold…
The Capri Whitestone Motel sold for $11.68 million, or about $123,000 per room. The property has 190 feet of frontage and sits on a 98,000-square-foot lot with parking spaces.
October 2008
212 East 47th St, NY
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n/a11.5Long Island parking companyn/an/aRobert Knakal, Massey Knakal
The 105-car parking garage sold…
The 105-car parking garage sold for $11.5 million, or $469 per square foot. The space is currently occupied by Central Parking System, whose lease expires in May 2009 with no renewal options.
October 2008
125 Maiden Ln, NY
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n/a11.5The Jewish ForwardLarry Roberts, Arch BrokerageEmpire State Development Corp.Michael Rudder, Time Equities
The news organization purchased the…
The news organization purchased the entire eight-floor space for $11.5 million, or $450 per square foot. The company plans to relocate at the end of the year from 45 East 33rd Street.
October 2008
East 11th St and Avenue A, NY
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n/a10.4Archdiocese of New Yorkn/aThe Salesian Societyn/a
Two of the three playground…
Two of the three playground parcels went into contract for $10.4 million. The buyer owns the third parcel as well as the adjacent Mary Help of Christians Catholic Church that was closed in May 2007.
October 2008
75 Greene St, NY
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n/a8.97Alberto Makalin/aThe Dorcel Corporationn/a
The loft building sold for…
The loft building sold for $8.97 million. It is currently unoccupied, but the buyer plans to rehabilitate it and offer it for rent this fall. The first floor unit will be leased as retail space and the upper floors as offices.
October 2008
35 West 23rd St, NY
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n/a7.15AWN Holding LLCRoxanne Betesh, Sinvin Realtyn/aAlan Gallaway, Kurland Realty
The retail condo sold for…
The retail condo sold for $7.15 million.
October 2008
1207 49th St, NY
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n/a6.25Brooklyn Pinnacle Realty GroupMoshe Gottfried, Blue Sky Realtyn/aJason Maier, Massey Knakal
The property sold for $6.25…
The property sold for $6.25 million, or $174 per square foot. The price represents a capitalization rate of 5.55 percent and a gross rent multiple of 11.7. The building has 36 residential units and seven commercial units.
October 2008
30-59 Steinway St, NY
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n/a6.1New York investorn/an/aAlfonso Holloman, Massey Knakal
The property sold for $6.1…
The property sold for $6.1 million, or $437 per square foot. The site has two stores, a parking lot, warehouse space and 12 apartments.
October 2008
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