636 Sixth Avenue could fetch up to $41M

TRD New York /
Sep.September 28, 2010 04:45 PM

636 Sixth Avenue and Darcy Stacom

Darcy Stacom, vice chairperson at CB Richard Ellis, has been tapped to sell 636 Sixth Avenue, an 82,000-square-foot office building between West 19th and 20th streets, which was recently put up for sale by APF Properties, Crain’s reported. Dan Fasulo, managing director of Real Capital Analytics, estimated that the Flatiron District building could get anywhere from $400 a square foot to $500 a square foot, for a price of around $32 million to $41 million. Stacom also beat out several brokers to market 1330 Sixth Avenue, a unit of a Canadian-government-owned pension fund, which Fasulo said could fetch between $500 a square foot to $600 a square foot, since it was recently refurbished and is in a desirable location. Stacom recently handled the sale of two of the largest transactions this year — 600 Lexington Avenue and 125 Park Avenue. She also just sold an owner’s 50 percent stake in 1540 Broadway and has been tapped to sell a hotel, in addition to a majority stake in 120 Broadway — a landmark tower co-owned by developer Larry Silverstein — for the California State Teachers’ Retirement System. [Crain’s]

 

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