The Real Deal New York

Commercial on the market

December 08, 2010
By Yaffi Spodek

Banco Popular building for sale

An office building with street-level retail space at 7-9 West 51st Street in the Plaza District in Midtown is on the market for $36 million. The 1941 building, located between Fifth and Sixth avenues, sits on 43,774 square feet of land, and includes 15,950 square feet of vacant retail space. The site is currently home to offices and a bank branch, though the bank is moving out. It is located across the street from Rockefeller Center. Eric Anton and David Schechtman of Eastern Consolidated are the listing agents.

Midtown West development site for sale

A 100,000-square-foot residential development site at 431-439 West 37th Street is on the market for $22.5 million. The block-through property is located on the north side of West 37th Street between Ninth and Tenth avenues. The site comes with a foundation in place and approved plans for a luxury residential building, which includes a proposed 7,500 square feet of retail space and 98 residential units above. The current owners have moved forward with construction of the foundation and lower levels. The property’s 421-a certificates are already in place. Robert Knakal and Elysa Berlin of Massey Knakal are marketing the building.

Gramercy Park office building hits market

A Gramercy Park office building at 21 East 26th Street, between Madison and Fifth avenues, is on the market for $18 million. The block-through, five-story building was built in 1924 and sits on 30,000 square feet of land. It features a retail store space as well as a terrace overlooking Madison Park. The building will be vacant as of March 31 of next year. John Tolve of Vincent James Management has the listing.

Mixed-use building for sale in Downtown Brooklyn

A mixed-use retail and residential building is listed for $15.62 million at 156-158 Tillary Street in Downtown Brooklyn. Built in 1887 and renovated in 1985, the 20,000-square-foot vacant property provides an opportunity for redevelopment, with the ability to add up to 85,000 square feet of mixed-use space. Plans have been approved to build up to 45 stories. The building is just off the Brooklyn Bridge and blocks away from Toren and Oro, two luxury condos. Bond New York’s Janine Young is handling the sale.

Mixed-use property on the market in Park Slope

A 10,801-square-foot plot of land at 363 Fourth Avenue in Park Slope is for sale with an asking price of $14 million. The property has been approved to be turned into a 12-story, 106-unit building. The proposed plan calls for 78,883 square feet of residential space and 3,592 square feet of commercial space, plus a community facility of 639 square feet and on-site parking for 43 cars. The demolition has already been completed. Kalmon Dolgin Affiliates’ James Dario has the listing.

Bronx apartment building for sale

An apartment building at 355 East 187th street in the Bronx is on the market for $12 million. The six-story walk-up features 128 apartments and six stores. The property, built in 1927, sits on 132,756 square feet of land. Amit Doshi of Besen & Associates has the listing.

 

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