|Address||Size Info||Price (in millions)||Buyer||Buyer Representative||Seller||Seller Representative||Notes||Issue|
|127 East 79th St, NY|
|n/a||48||The Brodsky Organization||I. Schuman, D. Horowitz, Studley||The Lois and Samuel Silberman Fund Inc.||I. Schuman, D. Horowitz, Studley|
The property sold for $48…
The property sold for $48 million.
|31 West 27th St, NY|
|n/a||45.7||Soho Properties||n/a||The Witkoff Group||n/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.
|960 Sixth Ave, NY|
|n/a||40||Hidrock Realty||n/a||Societe Generale||Christopher 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.
|10 West 74th St, NY|
|n/a||38||West 74 LLC||n/a||BlackRock Diamond Property Fund||Darcy Stacom, CBRE|
The property sold for $38…
The property sold for $38 million. The seller originally acquired the building in 2006 for $45 million.
|63 West 38th St, NY|
|n/a||29.5||Aini Assets||n/a||n/a||M. 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.
|152-11 89th Ave, NY|
|n/a||26.63||Guttman Realty||n/a||Caritas Healthcare||Larry 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.
|205 West 88th St, NY|
|n/a||26||West 88th LLC||A. Jungreis, J. Blatter, Rosewood Realty Group||205 Realty LLC||A. 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.
|Fifth Ave between West 116th and West 117th St, NY|
|n/a||21.93||L&M Equities||n/a||Metrovest Equities||S. 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.
|120 MacDougal St, NY|
|n/a||11.2||Benchmark Real Estate Group||K. Salmon, M. Marshall, Salmon & Marshall||n/a||K. 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.
|150 East 23rd St, NY|
|n/a||9.5||n/a||n/a||Vercesi Hardware owners||Larry 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.
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Inside the current issue - December 2014