Sotheby’s UES HQ on the market
The building that serves as Sotheby’s world headquarters at 1334 York Avenue is up for sale, the New York Post reported. The 470,000-square-foot building is expected to go for around $500 million. RFR Holdings owns the property, and the auction house has another 16 years left on its lease. Tom Beneville, Nat Rockett and Noble Carpenter of Jones Lang LaSalle will lead the marketing effort.
230 Park Avenue South on the market
The 350,000-square-foot office building at 230 Park Avenue South is on the market and expected to go for more than $250 million, according to the Post. Tenants include PR firm Burson-Marsteller, JP Morgan Chase, Institutional Investor and HIT Entertainment. The owners, Mickey Rabina and a limited partnership of ex-Lazard Freres bankers, have hired Cushman & Wakefield’s Richard Baxter, Ron Cohen, Scott Latham and Jon Caplan to market the property.
Union Square office building for sale
The 11-story, 129,418-square-foot building at 90 Fifth Avenue, on the northwest corner of 14th Street, is on the market for sale and is expected to fetch approximately $100 million, according to the Post. The building is net leased to Forbes on a long-term basis; Forbes subleased part of the top floor to Discover Media last year. Owner RFR Holdings tapped Cushman & Wakefield to market the property.
Price drop for Midtown apartment buildings
Two contiguous prewar elevator apartment buildings at 15-19 West 55th Street, which went on the market at the end of 2005 for $64 million, are now asking $55 million, the New York Sun reported. Of the buildings’ 64 units, 46 are free market or vacant, 15 are rent-stabilized and three are rent-controlled. Massey Knakal and Mark Zborovsky & Company Inc. are the sales agents.
North Chelsea commercial building for sale
The 12-story, 153,900-square-foot commercial building at 229-239 West 28th Street, across the street from the Fashion Institute of Technology, is on the market for sale at an asking price of $52.5 million. Eastern Consolidated, which is handing the sale, is marketing the property as a candidate for repositioning as an upscale office building.
Hudson Square warehouse asking $40M
A six-story, 57,500-square-foot warehouse at 537-545 Greenwich Street in Hudson Square, just north of Tribeca, is on the market for sale at an asking price of $40 million. The building has an additional 42,500 square feet of air rights and can be delivered vacant. Robert Burton and Nancy Guo of Massey Knakal are handling the sale.
West Side and Harlem portfolio on the block
A portfolio of six apartment buildings totaling 133 units on the West Side and in Harlem is on the market for sale at an asking price of $38 million. The buildings are located at 331-337 West 43rd Street and 313-319 East 95th Street. Of the 131 units, 67 are free market and 64 are rent-stabilized. Eastern Consolidated is marketing the properties.
Theater for sale across from Carnegie Hall
The former headquarters of Columbia Artists Management Inc., the CAMI Building at 165 West 57th Street, is on the market, according to the Post. The 20,000-square-foot building, which includes a 240-seat recital hall, is expected to fetch $25 million. Billy Cohen of Newmark Knight Frank is handling the sale.
Sheepshead Bay development site for sale
A development site encompassing 1501 Voorhies Avenue and 1600 Sheepshead Bay Road is on the market at an asking price of $25 million. The site can support 234,911 square feet of residential or 328,681 square feet of commercial development. Robert Knakal, Brian Leary and Brian Hanson of Massey Knakal are the exclusive sales agents.
UWS development site on the block
The development site at 210 West 91st Street is on the market for sale at an asking price of $16 million. Completed plans call for an 18-story, 88,291-square foot residential tower with 45 units to be built above an existing synagogue. Ronald Solarz, Eric Anton, Jared Toothman and Paul Nigido of Eastern Consolidated are the exclusive sales agents.
Mount Sinai selling apartment building
The Mount Sinai Hospital is selling the 15-story, 120,042-square-foot, 76-unit prewar apartment building at 1212 Fifth Avenue, the Sun reported. The hospital is also selling 315,000 square feet of air rights to create a development site that could support a 32-story residential condominium. Newmark Knight Frank is handling the sale.