The Real Deal New York

On the Market

By Linden Lim | March 01, 2013 07:00AM

Midtown’s Philip Lehman Mansion for sale

Philip Lehman Mansion

A six-story commercial townhouse at 7 West 54th Street that was designated a New York landmark in 1981 is on the market for sale or lease. Jones Lang LaSalle’s Aaron Ellison and the Corcoran Group’s Carrie Chiang are jointly marketing the historic, 20,000-square-foot property, with asking prices of $49.9 million to purchase outright or lease for $2 million per year. Building owner Lehm Holdings Inc. recently completed a $20 million renovation to restore the property to its original late-19th-century grandeur. The property, designed in the French Beaux-Arts style by architect John H. Duncan, was constructed in 1889 for Philip Lehman, the son of Lehman Brothers cofounder Emanuel Lehman, and his wife.

Stan Johnson tapped to market $39M UWS retail condo

The Oklahoma-based commercial brokerage Stan Johnson Company — which recently announced plans to expand in New York City — was tapped to exclusively market the Class A retail condominium at 1991 Broadway. The property is on the market for $39.5 million, according to a company news release.  Jason Maier, a Stan Johnson director, and associate Jeff Karp are heading up marketing efforts. The retail condo has 3,000 square feet on the ground floor, 2,000 square feet on the mezzanine level and 2,500 square feet in the basement, Maier told The Real Deal last month. As previously reported, the space was formerly occupied by the Chinese food restaurant Ollie’s. In addition, Union Square Hospitality Group CEO Danny Meyer was reportedly eying the condo, which is adjacent to an Apple store.

Lower East Side portfolio asking $27 million

57, 59-63 and 65-67 Orchard St.

A package of three properties on the Lower East Side is on the market with an asking price of $27 million. The portfolio, located between Grand and Broome streets, is comprised of a pair of five-story, loft-style commercial buildings at 59-63 and 65-67 Orchard Street and a two-story commercial building at 57 Orchard Street. The combined footprint of the three adjacent lots, which have 320 feet of frontage on three streets, is approximately 12,083 square feet. The buildings are fully occupied, but the tenants are either on short-term leases or are carrying leases with six-month cancellation clauses. Michael DeCheser of Massey Knakal Realty Services is handling the assignment.

202 First Ave.

East Village apartment building on the market

A six-story multi-family property at 202 First Avenue is for sale with an asking price of $13 million. The 16,000-square-foot building, located between East 12th and 13th streets, contains 20 units, including eight one-bedrooms, 10 two-bedrooms and two three-bedrooms. Three of the apartments are duplexes with roof terraces, and six of the units were recently gut renovated. The property’s lone retail space is occupied by apparel store No Relation Vintage Clothing, and the building also has five storage units. Marcia Rose Yawitz and Paul Nigido of Eastern Consolidated are marketing the property.

 

Prospect Heights multi-family property for sale

A 9,000-square-foot apartment building at 267 Flatbush Avenue in the Prospect Heights section of Brooklyn is on the market with an asking price of $6.6 million. Located at the corner of Flatbush and St. Marks avenues, the property has nine residential units and a retail unit that will be occupied by a new restaurant this summer. Five of the residential units are vacant and in the process of being renovated, while two have already been renovated and leased. The building is located a few blocks from the recently opened Barclays Center. Ofer Cohen, Adam Hess, Melissa DiBella, Dan Marks, Peter Matheos and Michael Hernandez of TerraCRG are handling the sale.