On the market: Commercial

Properties recently placed on the market

Midtown East office building for sale

A 36-story office building at 600 Lexington Avenue is on the market through Darcy Stacom and Bill Shanahan of CB Richard Ellis, Real Estate Finance & Investment reported. Stacom believes the 282,409-square-foot tower could trade for more than $197.4 million, or $700 per square foot, according to the New York Post. Building owner Hines purchased the property, located on the northwest corner of 52nd Street and Lexington Avenue, in 2004 for $91.6 million, or $329 per square foot, from Sumitomo Life Realty. Tenants at the Emory Roth and Sons-designed building include Alvarez & Marsal, MKP Capital Management and Brencourt Advisors.

Queens multifamily building on the block

A six-story apartment building at 30-60 29th Street in Astoria, Queens, is on the market with an asking price of $14 million. The 55,375-square-foot elevator building is located between 30th Road and 30th Drive and has been owned by the same family for over 50 years. The building, known as Elm Towers, has 76 apartments. Gregory Bucks of Besen & Associates is marketing the property.

Brooklyn mixed-use building on the market

A five-story mixed-use property at 25 Jay Street in Dumbo is on the market with an asking price of $10.5 million. The 47,735-square-foot loft building, located on the northwest corner of Jay and John streets, is comprised of 25 residential units and four commercial units. There are six interim multiple dwelling tenants in the building, which has unobstructed views of Manhattan, according to the listing. The prewar property was renovated in 2002 and has a freight elevator on the John Street side that can be converted to a passenger elevator. Ben Tapper and Paul Nigido of Eastern Consolidated are handling the sale.

Brooklyn industrial properties on the block

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Two warehouse and factory buildings in the Brownsville section of Brooklyn are for sale with an asking price of $10.4 million. The properties include 507 Osborn Street, a one-story, 29,133-square-foot warehouse with loading docks, high ceilings and a full basement that is 50 percent above grade, and 252 Newport Street, a four-story warehouse with 13,952-square-foot floors and a full basement. The buildings can be delivered vacant or with an option for a long-term market-rate leaseback to the current owner, who has been in business for over 100 years. Edward Gevinski of Massey Knakal is marketing the properties.

Murray Hill residential building asking $10M

A five-story apartment building with two stores at 238 Madison Avenue is on the market with an asking price of $10 million. Located on the west side of Madison Avenue between East 37th and East 38th streets, the 11,243-square-foot property has 14 apartments, including 12 market-rate units, one rent-stabilized unit and one rent-controlled unit. The two retail spaces are occupied by Madison Bistro, whose lease expires in June 2015, and Tasti D-Lite, whose lease expires in April 2014. The property has 27,507 square feet of unused air rights for future development. David Schechtman and Paul Nigido of Eastern Consolidated are handling the assignment.

UES apartment building on the market

A five-story multifamily building with ground-floor retail at 1121-1123 First Avenue is for sale with an asking price of $6.75 million. The 13,950-square-foot property, located between East 61st and 62nd streets, has a restaurant and nail salon on the ground level and 16 apartments above. Of the walk-up building’s residential units, four are studios, three are one-bedrooms and nine are two-bedrooms. Fifteen of the units are rent stabilized and one is rent controlled. The property has 17,550 square feet of air rights for future development. Paul Smadbeck, Robert Shapiro and Clinton Olsen of Massey Knakal are handling the sale.

East Village multifamily property for sale

A gut-renovated, five-story apartment building at 330 East 6th Street is on the market with an asking price of $6.45 million. The 12,125-square-foot walk-up building is comprised of 10 residential units, including four four-bedroom duplexes and six three-bedrooms, all of which are occupied. Located on the south side of East 6th Street between First and Second avenues, the building’s gut renovation included the installation of new electric panels, boilers, hot water heaters, roof and façade. The apartment interiors and hallways have also been redesigned. Aliza Avital and Alan Miller of Eastern Consolidated are marketing the building.

Compiled by Linden Lim