West Street rail terminal may go for $600M
The former New York Railroad terminal, St. John’s Center, is on the market for redevelopment at a price that could reach $600 million. The 1.2-million-square-foot, four-story warehouse at 340 West St. has some of the largest floor plates in the city, and current tenants include Merrill Lynch and RCN.
Bidding soars past $500M for Verizon
Sam Zell’s Equity Office Properties may pull off the purchase of Verizon’s 1.1-million-square-foot headquarters at 1095 Sixth Ave., with a bid topping $500 million, the Daily News reported. But as of last month, no sales contract had been signed. Zell’s bid topped offers made by other real estate trusts Reckson Associates Realty Corp., Brookfield Properties and Trizec Properties.
Citibank shopping LIC tower
Citibank has put its 1.4-millionsquare- foot Long Island City tower, known as Court Square One, on the market though the company intends to continue leasing space there, the Post reported. The price could reach anywhere from $300 to $500 million.
14 Wall Street could fetch $250M
The landmarked, 1-millionsquare- foot tower could go for more than $250 million. The downtown office building was purchased last year by Larry Gluck’s Stellar Management for $200 million and is home to office tenants Deutsche Bank, CSFB, and Skidmore, Owings & Merrill. Eastdil’s Douglas Harmon is handling the assignment.
Luxury building in Chelsea on block
The Aston, the 38-story rental building at 800 Avenue of the Americas, is being offered at a price expected to reach $210 million. Owners Cornerstone Properties and Adellco have hired Doug Harmon of Eastdil to market the 266-unit apartment building completed in 2003, the Post reported.
Harlem Housing Complex up for sale
The investment sales team at Cushman & Wakefield is handling marketing for The Riverton Houses in Harlem. Seven buildings, between Fifth and Madison avenues and from 135th to 138th streets, have 1,200 units for sale. The complex is expected to sell for a total of about $150 million.
Milstein site last link at Ground Zero
New York State’s plan to condemn almost an entire block south of Ground Zero, the last parcel needed for the World Trade Center site redevelopment, is not being opposed by the landowners. However, the Milstein family will almost certainly seek compensation for the three-and-a-half years in which they have been deprived of access to their property, and they’ve already turned down a $30-million settlement offer, the Times reported.
Dumbo building on market
Massey Knakal is marketing an elevator residential loft building at 25 Jay St. The building is approximately 47,775 square feet and includes 25 residential lofts and six commercial lofts. The asking price is $15 million.
Development sites for sale
Torresco Realty has been selected as the exclusive selling broker for a portfolio of four development sites located in East Harlem, West Harlem and Long Island City. The total potential square footage is 148,000 square feet, with an overall asking price of $14.85 million.
Fordham parcels being offered
Fordham University hired Joseph Morningstar and Andrew Scandalios of Holliday Fenoglio Fowler to sell its Lincoln Center area development parcels. The two Amsterdam Avenue sites total 700,000 square feet, with 300,000 square feet buildable at 60th Street and 400,000 square feet at 62nd Street. The spaces are expected to eventually host luxury residential buildings.
Wampum sought for Mohawk Building
The 12-story, 142,516-squarefoot Mohawk Building at 160 Fifth Ave. is on the market. Earle Altman, Gregg Schenker, Steven Hornstock, Randy Modell and Rick Weisfish of AB Partners and Thomas Schwartz of Helmsley- Spear Inc. will be handling the sale.
TRD