On the Market

Commercial properties recently placed on the market

Office building for sale in Plaza District

Office building for sale in Plaza District
A 10-story, Class B office building is on sale at 587 Fifth Avenue for $30 million. The 43,000-square-foot property — which was built in 1920 — sits between 47th and 48th streets in the Plaza District. The building is 100 percent leased. Zamir Equities has the leasehold, which extends until 2079. Richard Baxter, Ron Cohen, Scott Latham and Jon Caplan of Jones Lang LaSalle are handling the listing for the building.

Two East Village apartment buildings for sale

A package of two contiguous, six-story-plus-basement apartment buildings is on the market for $30 million, at 410-418 East 13th Street, between First Avenue and Avenue A in the East Village. Together, the buildings have 34,898 square feet and 71 apartments; six are rent stabilized, one is rent controlled, and the rest are market rate. There are 12 one-bedroom apartments, 33 two-bedroom units and 26 three-bedrooms. Michael Azarian and John Ciraulo of Massey Knakal Realty Services are the listing agents.

UES development site hits market

A development site at 180 East 88th Street — which wraps around the southwest corner of Third Avenue and East 88th Street — has been placed on the market for sale, asking $29.95 million. The L-shaped 5,654-square-foot parcel of land sits on a lot with 93,653 buildable square feet, located in the Carnegie Hill neighborhood of the Upper East Side. With 39.75 feet of frontage along Third Avenue and 22 feet of frontage on East 88th Street, the land would be suited to develop multifamily apartment units. Eric Michael Anton and Ronald Solarz of Eastern Consolidated are marketing the property.

Former Observer building up for sale

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Former Observer building up for sale
A 10,000-square-foot, Class B building is on the market at 54 East 64th Street, with an asking price of $27 million. Designed by architects Flagg and Chambers, the five-story mansion, between Madison and Park avenues, was built in 1920 and renovated in 2005. Once home to the New York Observer, it is still certified for commercial occupancy. The building is 100 percent leased. Fred Williams of Sotheby’s International Realty has the listing for the property.

Warehouse building on the market

A dual-level, 100,000-square-foot Class B industrial warehouse building is on sale for $17.8 million at 25-15 50th Street, at the corner of 25th Avenue in the Woodside section of Queens. The building was built in 1940 and has 15-foot-high ceilings. The property is currently occupied by five established tenants, and a sixth tenant will be vacating its space when the building is sold. Massey Knakal’s Swain Weiner is handling the sale.
Warehouse building on the market

Development site for sale in Midtown

A 5,523-square-foot development site is on sale for $13.45 million at 249-253 East 50th Street, between Second and Third avenues. The site has 55 feet of frontage on the north side of East 50th Street. With over 50,000 square feet of buildable space, the property is suitable for developing a midsize residential project. Clint Olsen and Daniel Doherty of Massey Knakal are marketing the property.

Listings background provided by the CoStar Group

Compiled by Yaffi Spodek