On the Market: Commercial

Big Brooklyn rental complex to sell
A heavily subsidized 5,881-unit rental housing complex in East New York is on the sales market, according to the Slatin Report. The asking price for the 46-building Starrett City complex, now called Spring Creek Towers, could range from $1 to $1.5 billion. The ownership is a general partnership structure led by investor Disque Dean. Darcy Stacom and Bill Shanahan of CB Richard Ellis will lead the sales effort.

Many offers for 666 Fifth retail space
Kushner Companies, which bought 666 Fifth Avenue in December for $1.8 billion, has received many offers for the retail portion of the tower, the New York Post reported. Offers have reached $640 million for the 85,000 square feet of lower-level retail, where tenants now include the NBA Store, Brooks Brothers and Hickey Freeman.

Roosevelt Hotel may be sold
The 1,015-room Roosevelt Hotel at 45 East 45th Street, named in honor of President Theodore Roosevelt, may be sold, according to the New York Sun. The property is expected to fetch more than $600 million.

2 Herald Square on the market
The 360,000-square-foot Marbridge Building at 2 Herald Square, also known as 1328 Broadway, is being marketed for a price expected to top $500 million, the Post reported. The building houses retailers H & M and Victoria’s Secret. The owners, a group led by RFR Holding that includes the Goelet family, has hired the Cushman & Wakefield team of Richard Baxter, Ron Cohen, Jon Caplan and Scott Latham to lead the marketing effort.

UWS development site could fetch $120M
The New York Historical Society is selling the land and air rights at 7-13 West 76th Street, the Sun reported. A developer might be able to build a 140,000-square-foot residential tower with community facility space for the Historical Society on the lot. It could fetch a price of $800 to $900 a developable foot, or more than $120 million.

Building near Stuy Town on the market
New York Downtown Hospital has retained an investment banker to sell the 12-story mixed-use residential building at 318 East 15th Street, the Sun reported. The 104,000-square-foot building, erected in 1965, is expected to fetch more than $500 a square foot, or approximately $52 million.

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Murray Hill commercial building for sale
The elevator commercial building at 30 East 39th Street is available for triple net lease or sale. The asking price is $500,000 per year for the triple net lease, or $8.5 million for an outright sale. The building was originally built 100 years ago, rebuilt in 1953 and gut renovated in 2002. Thomas Donovan, Matthew Parvin and John Ciraulo of Massey Knakal are the exclusive agents.

Harlem development sites on the block
Two non-contiguous parcels of vacant land at 117 West 123rd Street and 129-31 West 123rd Street are on the market for sale with an asking price of $8.495 million. Shimon Shkury, Michael Tortorici and Victor Sozio of Massey Knakal are the exclusive agents handling the transaction.

Municipal Building for sale?
Speculation abounds that the iconic, city-owned Municipal Building at One Centre Street could be among city-owned assets sold to private developers, according to the Sun. The 39-story limestone tower has long been home to city offices, but Mayor Bloomberg and developer Larry Silverstein have struck a deal to move many city agencies to 600,000 square feet in Tower 4 of the World Trade Center once that building is completed. Properties sold by the city would likely be converted for residential use.

Building sales possible at St. Vincent’s
Saint Vincent’s Catholic Medical Centers is “keeping all options on the table” about real estate decisions at its main Manhattan campus, hospital officials say. St. Vincent’s has retained real estate advisory firm CIT to help evaluate options for its Downtown campus, anchored on West 12th Street and Seventh Avenue in Greenwich Village. The hospital would consult with area residents and city officials before making a decision on whether to sell or refit its buildings.

Six Soho buildings on the block
A portfolio of six cast-iron buildings, located at 32-34, 65-67 and 72-76 Greene Street, is on the market for sale. The buildings total 77,000 square feet of above-ground space, of which nearly 70 percent will be delivered vacant. The properties can accommodate a variety of uses, including office, hotel and residential. Vin Carrega and Neil Helman of Grubb & Ellis are marketing the portfolio for the seller.

Astoria office building for sale
The free-standing, two-story, 20,000-square-foot office building at 36-31 38th Street, near Kaufman Astoria Studios in Queens, is on the market for sale. Gail Roseman of Sholom & Zuckerbrot is representing the building.