Park Avenue rental to be sold
The 20-story, 116-unit residential rental building at 737 Park Avenue is expected to be sold later this year, according to the New York Sun. The 210,000-square-foot building, built in 1940, may fetch more than $300 million.
Upper East Side rental on the market
The 19-story, 182,000-square-foot building with 183 residential units and four commercial spaces at 530 Park Avenue is on the market for sale, the Sun reported. The property could sell for more than $200 million.
Soho development site on the block
A development site at 80 Sixth Avenue is on the market and could fetch more than $600 per square foot, GlobeSt.com reported. The site is approved for the development of a 66,734-square-foot residential building with a ground-floor retail component. Eastern Consolidated’s Ronald Solarz, Eric Anton, Mary Willison, Eric Klein and Paul Nigido are marketing the property.
Former Village hotel could fetch $39 million
Village Care of New York has put 607-09 Hudson Street on the market for $39 million, the Sun reported. The building has frontage on Hudson and Greenwich streets, as well as the entire block front on West 12th Street. The property, which once served as a hotel, was converted to a nursing home in 1981.
Bronx Hub retail building on the market
A 41,305-square-foot retail building at 2914 Third Avenue, in the Hub section of the Bronx, is on the market with an asking price of $23 million. Dr. Jay’s occupies 31,305 square feet in the building. Robert Knakal, Nicholas Burns, Jonathan Hageman and Daniel Hagan of Massey Knakal are the exclusive sales agents.
Flatiron landmark on the block
The five-story, 19,400-square-foot mixed-use building at 901 Broadway is on the market for $17.5 million. The cast-iron building, built in 1867, was home to the original Lord & Taylor Dry Goods Store. The upper floors consist of four residential rental units; the ground floor is leased to a high-end furniture store. The existing landlord has started conversion plans and is in the process of getting approvals from the Landmarks Preservation Commission and the Department of Buildings. Robert Knakal, John Ciraulo, Jonathan Hageman and Craig Waggner of Massey Knakal are the exclusive sales agents.
Developer to sell Sundari lot
Developer Buttonwood Real Estate in late June put the lot at 158 Madison Avenue, the site for its proposed Sundari Lofts & Tower, on the market, the New York Post reported. Massey Knakal Realty is handling the sale of the project site. Buttonwood paid $11.37 million for the site in early 2005.
Bensonhurst commercial building on the market
The fee-simple interest in the non-condo portion of the two buildings at 8622 Bay Parkway and 15 Bay 29th Street is on the market for $12.5 million. The office and retail buildings total 24,400 square feet. Jeffrey Shalom of Massey Knakal is the exclusive sales agent.
Bay Ridge church for sale
The Bay Ridge Methodist Church at the corner of Fourth and Ovington avenues, a two-story school building, and a building used as a parsonage are being offered for sale at $12 million, the Sun reported. The buyer can build an 85,550-square-foot residential tower and a 92,754-square-foot community facility.
Flushing development site on the market
A development site at 135-25 Northern Boulevard, currently home to a church, is on the market for $12 million. The site can be built to more than 52,000 square feet, and is zoned for both commercial and residential use. Joseph Cappello Sr. and Ching-Tien Chen of Massey Knakal are the exclusive sales agents.
Downtown office building on the block
The 11-story, 336,000-square-foot Class B office building at 99 Church Street, owned by Moody’s Investors Service, is being marketed for sale, according to the Sun. The buyer is expected to convert it into residential condominiums.
Bids due for Upper East Side hotel
The winning bidder was expected to be chosen last month for the 130-room Surrey Hotel at 20 East 76th Street, the Sun reported. The hotel is to be sold and renovated as a cooperative hotel with the rules and regulations of a condo.
Grand Central office building on the market
The six-story, 16,000-square-foot commercial elevator building at 5 East 44th Street is on the market. Built in 1940, the building was once home to Canfield’s Gambling House, a popular entertainment spot. The property also includes 19,000 square feet of air rights. Adelaide Polsinelli of Besen & Associates is the exclusive sales agent.
Columbus Circle commercial property for sale
A four-story office and retail property at 940 Eighth Avenue is on the market through Vin Carrega and Neil Helman of Grubb & Ellis and independent broker Ephraim Hirsch. The top three floors each have 5,000 square feet of office space; the ground floor has 4,000 square feet of retail. A 400,000-square-foot hotel planned for the former Hearst site is less than one block away.