Commercial properties new to the market

TRD New York /
Oct.October 01, 2010 07:00 AM

Chinatown corner property hits market

A three-story commercial building at 178-182 Canal Street is on the market in Chinatown. The 10,620-square-foot property at the corner of Canal and Mott streets — which has an alternate address of 78 Mott Street — is asking $43.5 million. Built in 1958, the building is occupied by Chase Bank on the first two floors and a law firm on the third floor, with Chase’s lease set to expire in 2025. Michael DeCheser, Nick Petkoff and Philip Huang of Massey Knakal are handling the sale.

School building on sale in Brooklyn

An 85,000-square-foot specialty building is on the market for $40 million at 1277 Locust Avenue and East 14th Street in the Midwood section of Brooklyn. Built in 1911, the building currently houses the Shulamith School for Girls, a private Jewish school for students in grades K through 12. The property would be ideal for an assisted living conversion, according to the listing. CB Richard Ellis’ Abe Gross is marketing the property.

Industrial site for sale in Staten Island

A 2.3 million-square-foot industrial property is on the market at 1900 South Avenue in Staten Island, with an asking price of $37 million. The 53-acre site, currently used for asphalt, paving mixture and block manufacturing, also contains several small structures, including offices, a garage and a 680-foot bulkhead dock that can handle barges. The location is directly off the interchange of West Shore Expressway, near the Outerbridge Crossing, the Goethals Bridge and the Verrazano Bridge. Bob Sticht of Grubb & Ellis has the listing.

Multifamily building for sale on UWS

A 14,000-square-foot, six-story multifamily building is asking $30 million at 266 West End Avenue on the Upper West Side. The recently renovated elevator building is a 28-foot-wide limestone mansion and was designed by architect Rudlophe Daus. Zoning allows about 28,000 square feet of total development. The property was listed in June by Fred Williams of Sotheby’s International Realty but appeared in CoStar last month because the property is zoned for commercial use as well.

Development site for sale in Murray Hill

A development site at 62-64 East 34 Street is on the market for $14 million in Murray Hill. The property has 4,212 square feet of land, with 36,897 square feet of air rights for future development. The current property is a six-story elevator building, which was renovated in 2009. There are 13 residential units, nine of which are fair market, and the commercial tenant on the second floor has a demo clause, which makes the property ideal for a redevelopment project. Independent broker Jay Schlossberg is the listing agent.

Brooklyn warehouse on the market

A Class B warehouse building is on sale for $13 million at 365-379 Bond Street in Carroll Gardens, Brooklyn. The warehouse, which was built in 1938 and renovated in 1998, sits on a corner lot of 40,000 square feet, encompassing an entire city block. It is being marketed as a prime waterfront development opportunity near the Gowanus Canal but may also suit an end user. Robert Durante of Cross and Brown Realty is handling the sale.

Listings background was provided by the CoStar Group.

Compiled by Yaffi Spodek

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