St. John’s Center could fetch over $600M
A four-story, 940,000-square-foot commercial building is on the market for sale and is expected to trade for over $600 million, the New York Post reported. St. John’s Center spans an 825-foot stretch of the West Side Highway between Clarkson and Charlton streets. The former New York Railroad terminal boasts Hudson River frontage, a total of 4.2 acres of space and 250,000-square-foot floor plates, the largest in the city. The buyer can build a 275,000-square-foot tower on the site’s north end. A team led by Darcy Stacom of CB Richard Ellis is handling the sale.
UWS apartment building for sale
A six-story, 82,230-square-foot apartment building at 10 West 65th Street is on the market for sale with an asking price of $60 million. The prewar property, built in 1939, includes 75 apartments, of which 28 are vacant and contain a sellable square footage of 39,200 square feet. The average per-square-foot rent for the building’s 45 rent-regulated apartments, including 17 rent-controlled and 28 rent-stabilized units, is $14.70. Robert Knakal and Paul Smadbeck of Massey Knakal are marketing the property.
East Village portfolio on the market
An East Village residential and retail portfolio comprising three buildings is on the market for sale with an asking price of $38.25 million. The properties are located at 111-115 East 7th Street, 213-215 East 4th Street and 244 East 21st Street. There are a total of 97 residential units, of which 42 percent are rent-stabilized, 8 percent are rent-controlled and 50 percent are free-market. There are also five stores totaling 5,000 square feet of retail space. Brian Ezratty and Scott Ellard of Eastern Consolidated are handling the sale.
Midtown loft office building asking $30.75M
A 12-story, 82,000-square-foot loft office building at 29 West 36th Street is on the market for sale with an asking price of $30.75 million. All floors at the property are rented at an average $19.68 per square foot. Each floor is currently occupied by full-floor tenants, except one that has two tenants, with the majority of existing leases expiring between 2013 and 2016. Brian Ezratty and Scott Ellard of Eastern Consolidated are marketing the property.
UES apartment building on the market
A six-story, 14,000-square-foot elevator apartment building at 39 East 72nd Street is on the market for sale with an asking price of $18 million. The property, which includes two commercial units and is 27 feet wide, is being marketed to an owner-user or an investor. J. Guthrie Garvin and Paul Massey Jr. are handling the assignment.
Inwood mixed-use building on the block
A five-story, 52,965-square-foot walk-up apartment building at 101-113 Dyckman Street is on the market for sale with an asking price of $16.97 million. The mixed-use property consists of 60 residential units and 10 retail stores, with 155 feet of frontage. The corner building’s hallways and 10 of the apartments were recently renovated. Ety Lee and Paul Nigido of Eastern Consolidated are handling the sale.
Gramercy apartment building for sale
A five-story, 11,210-square-foot apartment building at 28 East 14th Street is on the market for sale with an asking price of $16.9 million, or $1,509 per square foot. A typical floor in the prewar multifamily property, built in 1930, has 2,240 square feet of space. The property returns a net profit of $900,000 per year. Eric Meyer of GVA Williams is marketing the property.
Flatiron mixed-use building asking $14.75M
A 12-story, 26,976-square-foot apartment building at 11 West 17th Street is on the market for sale with an asking price of $14.75 million. The elevator property, which lies within the Ladies’ Mile Historic District, features ground-floor retail, and all floors but the 10th are floor-through lofts. There are eight free-market and four rent-stabilized apartments, and the retail space can be delivered vacant. John Ciraulo, Jonathan Hageman, Robert Knakal and Craig Waggner of Massey Knakal are handling the sale.
Soho historic district building on the market
A five-story, 11,348-square-foot building at 111 Mercer Street is on the market for sale with an asking price of $14.5 million. Located in the Soho Cast Iron Historic District, the building, which was built in 1900 and has ground-floor retail space, will be delivered completely vacant. The Landmarks Preservation Commission is expected to approve a proposal to build a penthouse unit and make alterations to the storefront. Jeffrey Fishman and David Alani of Robert K. Futterman & Associates are handling the assignment.
Bronx waterfront development site for sale
A 287,688-square-foot development site at 226 Fordham Street in the City Island section of the Bronx is on the market for sale with an asking price of $14 million. The 5.4-acre waterfront property is being marketed as a luxury residential development opportunity. Christoffer Brodhead and Karl Brumback of Massey Knakal are marketing the property.