The Real Deal New York

On the market

Commercial properties recently placed on the market

December 14, 2010
By The Real Deal

Historic Downtown hotel on the market

The historic Sohotel at 341-343 Broome Street and Bowery is on the market for $54 million. The hotel — previously known as the Westchester, the Occidental and the Pioneer — is in a four-story building with 42,000 square feet, including 13,000 square feet of ground-level retail space. The hotel has 108 rooms and the zoning allows for the property to be expanded through air rights or converted to a condo-hotel, condo or rental building. The property is near Soho, Chinatown and Little Italy. Jan Sasson of the Manhattan-based eProperty Group is handling the assignment.

Flatiron multifamily building for sale

A six-story apartment building at 555 Sixth Avenue is on the market with a minimum bid of $49.37 million. It is located on an entire block-front between 15th and 16th streets, with approximately 183,000 square feet. It is owned by St. Vincent’s Hospital and being sold through bankruptcy proceedings. The property includes 178 studio and one-bedroom apartments, as well as a 90-car garage and approximately 25,000 square feet of lower-level commercial space. Bids are due June 15. Vincent Carrega, Neil Helman and Yoav Oelsner of Grubb & Ellis are marketing the property.


Midtown East office building asking $48M

A 10-story office building at 219 East 44th Street near Grand Central Terminal is on the market for $48 million. There are five floors of office tenants on a month-to-month basis and a restaurant on the ground floor; the property has 73,470 square feet. The offering includes additional air rights, bringing the gross buildable square footage to 119,000 square feet. Robert Knakal, Michael DeCheser and Clint Olsen of Massey Knakal are handling the assignment.

Queens oceanfront condo building for sale

A 126-unit, 15-story new luxury oceanfront condo is on the market for $38 million in Far Rockaway, Queens. The condo, at 120 Beach 26th Street, was completed last year and can be delivered vacant, according to Downtown Commercial Real Estate. The property is a possible hotel conversion. There are one- and two-bedroom units with ocean views, and the building has a rooftop pool, a gym and a 24-hour doorman. There is a shuttle to the subway five blocks away. Roger Hart of Downtown Commercial Real Estate is handling the sale of the property.

Bronx industrial building on the market

A 204,015-square-foot warehouse building in the Bronx is on the market for $30 million. The two-story building, erected in 1966, is at 1776 Eastchester Road. Ceiling heights are between 18 and 23 feet, according to the CoStar Group. It is zoned M1-1 and has 600 surface parking spaces. The sale price includes five acres of land. The property will be vacant at the end of the year. Patricia Ardigo, Ian Ceppos, Al Gutierrez, William Jordan and John Reinertsen of CB Richard Ellis are handling the sale.

LES hotel asking $25 million

Hotel East Houston at 151 East Houston, between Eldridge and Allen streets, is on the market for $25 million. The newly constructed hotel, comprising 15,395 square feet and six stories, has 42 rooms with custom-made furniture, wood finishes and marble bathrooms. In addition, the hotel has a banquet facility, nearby parking and a rooftop terrace and lounge that overlook the Hudson River. M. Marianne Thorsen and An-Chi Miau of Sierra Realty are handling the assignment.

Compiled by Matthew Strozier

Comments are closed.

MENU