Former West Village chocolate factory leads NYC’s mid-market investment sales

Penn South Capital bought 39 Clarkson Street for about $27M

Jan.January 31, 2020 02:15 PM
Clockwise from left: 866 United Nations Plaza, 227 East 59th Street and 39 Clarkson Street (Credit: Google Maps)

Clockwise from left: 866 United Nations Plaza, 227 East 59th Street and 39 Clarkson Street (Credit: Google Maps)

Three mid-market investment deals were made public in New York City this week. Deals included a real estate firm buying a former chocolate factory in the West Village and a European government agency buying office space near the United Nations. Here are the details:

  1. Penn South Capital purchased 39 Clarkson Street in the West Village from an LLC linked to Rano Properties for $27.25 million. The office building previously housed the factory for Koppers Chocolate, which announced in 2015 that it would move to Sunset Park. The building was being reworked into condominiums.
  2. A quartet of LLCs spent $17.5 million to buy a multifamily building in Lenox Hill from Tri-Star Equities. The property at 227 East 59th Street stands six stories tall with 27 units. Three of the LLCs are based in Midtown, and the fourth is based in New Jersey.
  3. Slovakia’s Ministry of Foreign and European Affairs purchased office space at 866 United Nations Plaza in Midtown from an LLC based in Lower Manhattan for about $13.9 million. The office building is located just north of the United Nations and has been home to several missions, consulates and non-governmental organizations over the years.

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