The Real Deal New York

On the market

Commercial properties recently placed on the market

December 01, 2011
By The Real Deal

The Milan in Chelsea hits the block

A 15-story apartment building at 118-122 West 23rd Street is on the market with an asking price of $45 million. The elevator building, known as the Milan, contains 42 apartments and two stores. Each of the building’s one-, two- and three-bedroom units has its own outdoor terrace and floor-to-ceiling windows. Nine of the larger apartments have working fireplaces. Massey Knakal’s Paul Smadbeck, Brock Emmetsberger and James Nelson are handling the assignment.

UES apartment buildings on the market

Three adjacent multifamily buildings at 329-339 East 94th Street are for sale with an asking price of $32 million. The prewar, walk-up properties have a combined 109 apartments, including 11 studios, 33 one-bedrooms and 65 two-bedrooms. The six-story buildings together have 63,770 square feet of space. There are 11,600 square feet of air rights for future development. Josh Frank and David Haley of Misrahi Realty are handling the sale.

Soho loft buildings asking $20M

A pair of loft buildings at 21 and 25-27 Mercer Street is for sale with an asking price of $20 million. The properties include a five-story building and an adjacent three-story building that have a combined 24,687 square feet of space above grade. Ten rental units and three stores, occupied by retailer Nike, plumbing products manufacturer Toto and French boutique Surface to Air, are shared between the buildings. The apartments consist of five rent-stabilized units and five free-market units, all of which are currently occupied. Peter Hauspurg, David Schechtman, Lipa Lieberman, Marion Jones and Gary Meese of Eastern Consolidated are marketing the buildings.

Garment District office building on the block

A newly constructed office building at 256 West 36th Street is on the market with an asking price of $17.25 million. The 12-story limestone property, built in 2010, has 36,500 square feet of space. Each floor has been furnished with Brazilian oak flooring, marble bathrooms and weather-efficient windows. The seventh and 12th floors have their own terraces over the building’s setbacks. With the exception of the second floor, the property will be delivered vacant. Besen & Associates’ Ronnie Shaban and Okada & Co.’s Christopher Okada are marketing the property.

Brighton Beach development site for sale

A partially developed parcel at 271 Sea Breeze Avenue in Brooklyn is available for sale or net lease with an asking price of $14.9 million. Straddling the neighborhoods of Brighton Beach and Coney Island, the development site has been approved for a mixed-use building of 157,794 square feet, with 97 condo units, a community facility and 165 parking spaces. The site was stalled as recently as this summer. Construction is underway, and about $4.5 million in hard costs have been put into laying the foundation. The current owners have already acquired development rights from adjacent parcels for the site, which has a lot area of 28,540 square feet. Massey Knakal’s Brian Hanson, Robert Knakal, J. Matthew Dillon, Jonathan Hageman and Elysa Berlin are handling the sale.

West 86th Street apartment building for sale

A six-story, prewar apartment building at 32 West 86th Street is on the market with an asking price of $8.5 million. The elevator building, located between Columbus Avenue and Central Park West, has 14 market-rate rental units, ranging from studios to two-bedrooms. Two of the penthouse units at the 9,200-square-foot property have terraces, and there are 14 wood-burning fireplaces in the building. The building was developed in the early 1900s by William and Thomas Hall. Gerald Crown and Burt Savitsky of Brown Harris Stevens are handling the sale.

Compiled by Linden Lim

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