Here’s what the $10M-$30M investment sales market looked like last week

Sales included seven commercial condos in Midtown’s St. Regis building

TRD New York /
Nov.November 11, 2019 07:00 AM
Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Clockwise from left: 2 East 55th Street, 25-25 Borden Avenue and 91 Ludlow Street (Credit: Google Maps)

Recent sales in New York include a Qatari LLC’s purchase of seven commercial condos in Midtown’s St. Regis building and Palard Realty Corp’s acquisition of a warehouse in Queens. Here are the three New York City mid-market investment sales that were made public last week.

1. A limited liability company based in Qatar purchased seven commercial condo units at 2 East 55th Street in Midtown from landlord Sarah Hays for $12 million. The building stands 20 stories tall with 48 units overall, according to city records. It is best known for being home to the St. Regis luxury hotel.

2. Palard Realty Corp. purchased a two-story warehouse at 25-25 Borden Avenue in Long Island City for $13.15 million. The property spans 39,500 square feet. Palard bought it from an LLC.

3. An LLC linked to Brooklyn’s Xiaoling Huang purchased a three-story property at 91 Ludlow Street on the Lower East Side from Win Sun Enterprise for $12.3 million. The site hit the market in 2017 seeking $18 million, according to Bowery Boogie.


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