The Real Deal New York

John Catsimatidis looks to sell Lexus showroom site

HFF marketing Midtown West building as possible condo or hotel project

John Catsimatidis, former New York City mayoral candidate and CEO of the Red Apple Group, has put the six-story, mixed-use building in Midtown West that formerly housed a Lexus showroom on the market.

HFF broker Eric Michael Anton is marketing the building at 823-825 11th Avenue, near 56th Street. The ground-floor space would be delivered vacant at the time of the sale. The building is being marketed as part of a possible condo or hotel redevelopment. Anton said similar sites, with a floor plate of 10,000 square feet, sell for $450 to $550 per buildable square foot.

Lexus’s primary showroom is located further south, at 662 11th Avenue. [NYP, 3rd]Mark Maurer