Rockrose’s Tribeca Pointe slated to fetch $300M
Tribeca Pointe, a 42-story rental complex in Battery Park City, is expected to sell for at least $300 million. Rockrose Development tapped a team of Studley brokers, including Will Silverman, Eric Negrin, Daniel Parker and Woody Heller, to market the 285,000-square-foot building, the New York Post reported last month. The developer is seeking a buyer who would either convert the 80 percent portion of the 80/20 affordable housing setup into condominiums, or continue to operate the entire property at 41 River Terrace as a rental. A gym, deli and children’s playroom are among the building’s amenities.
FiDi development site hits market for $260 million
A pair of developers who picked up a distressed lot in the Financial District a few years back for a cool $57.5 million is now asking five times that amount for the property. The empty parking garage three blocks south of the World Trade Center could break the sales record for a residential development in lower Manhattan by 17 percent if it snags the $260 million ask, Crain’s reported. Empire Management’s Fred Ohebshalom and his son Richard, who leads Pink Stone Capital, bought a defaulted note for the property at 111 Washington Street in 2011. Bob Knakal of Massey Knakal Realty Services will handle marketing and sales for the property.
Taconic lists office property for $160M
Taconic Investment Partners listed its 300,000-square-foot office building at 619 West 54th Street for $160 million. Taconic purchased the 10-story property, located in an emerging residential neighborhood that is also home to Two Trees Management’s Mercedes House at 555 West 53rd Street, from KBS Realty Advisors for around $110 million in late 2012. Jones Lang LaSalle’s Richard Baxter was tapped to market the building, located west of 11th Avenue, Crain’s reported. Leasing activity in the building included Taconic’s deal with luxury carmaker Maserati last year for a 25,000-square-foot ground floor retail space.
Atkins & Breskin seeking $28M for EV building
Real estate investment firm Atkins & Breskin is aiming to sell an East Village residential condominium for $28 million, according to marketing materials obtained by The Real Deal. The five-story, 30,662-square-foot building is located at 47-53 Third Avenue, between East 10th and East 11th Streets. The property has 28 one- and two-bedroom apartments and will be delivered vacant, according to the marketing materials from Ariel Property Advisors. It comes with an additional 7,802 square feet of as-of-right air rights. A team led by Ariel’s Victor Sozio and Shimon Shkury is marketing the property on behalf of Atkins.
Stake in UWS multi-family building for sale
A 50-percent interest in the ground fee for an Upper West Side apartment building is on the market with an asking price of $19.9 million. The 210,000-square-foot property, located at 323-325 West 96th Street between Riverside Drive and West End Avenue, contains 172 free-market residential units ranging from studios to four-bedrooms, as well as two commercial units. Building amenities include a gym, roof deck, bicycle room, children’s play area and screening room. The other 50-percent interest in the property will remain under long-term ownership with a family trust. Gary Meese of Eastern Consolidated is handling the sale.