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

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

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.

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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.