The Real Deal New York

Two Murray Hill buildings trade for $18M

November 06, 2012 03:30PM

A Great Neck-based REIT, One Liberty Properties, Inc., has sold two adjacent mixed-use Murray Hill buildings for $18.25 million, the New York Observer reported. The addresses of the buildings are 121 Madison Avenue and 27 East 30th Street. They sold to an entity called Nomad Land Company, LLC.

Together, the buildings comprise nearly 133,000 square feet of residential and retail space. The property located at 121 Madison totals 112,000 square. The building dates back to 1895 and was converted into luxury rentals.

PropertyShark shows that 27 East 30th Street has almost 19,000 square feet of residential space and 2,500 square feet of retail space.

The seller did not immediately return the Observer’s calls for comment.

One Liberty Properties ownsvproperties, totaling 5.5 million square feet, across 29 states. [NYO]Zachary Kussin