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.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

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

42-46 2nd Avenue (Credit: Google Maps)

LA real estate firm buys shuttered church site for $40M

Commercial real estate investment could take a hit as investors pull back amid market volatility. (Credit: iStock)

How will coronavirus affect global CRE deal volume?

1115 Broadway, RXR Realty's Scott Rechler, 2413 Third Avenue and 9 Bruckner Boulevard in the Bronx (Credit: Getty Images; Google Maps)

Flatiron office building leads New York’s mid-market investment sales

Clockwise from left: The Chrysler Building, The Putnam Portfolio, CBRE's Darcy Stacom, JLL's Andrew Scandalios, The Coca-Cola Building and Cushman & Wakefield's Doug Harmon

A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms

150-152 East 79th Street (Credit: Google Maps)

HFZ assemblage play leads New York’s mid-market investment sales

Blackstone's Jonathan Gray, Gaedeke Group's Sabine Gaedeke Stener and 44 Wall Street (Credit: Stener by Gaedeke Group; Gray by Drew Angerer/Getty Images, 44 Wall Street via Google Maps)

Blackstone sells office tower at 44 Wall Street for $200M

Clockwise from top left: 136-18 Maple Avenue in Flushing, 109 Avenue A and 47-49 West 39th Street (Credit: Google Maps)

Flushing vacant lot leads New York’s mid-market investment sales

arrow_forward_ios
Loading...