A 12-story loft office building at 335 West 35th Street is on the market with an asking price of $27 million. The 87,100-square-foot prewar property, located between Eighth and Ninth avenues, is 90 percent occupied. The majority of the tenants have below-market-rate leases, which may be terminated within a year. “Current zoning allows for multiple redevelopment strategies, including conversion to office or hotel use. Even a residential conversion could be implemented,” Eastern Consolidated’s Brian Ezratty said in a news release. Ezratty is handling the assignment with Gabriel Saffioti and Scott Ellard.
Commercial condo for sale in FiDi
A multilevel commercial condo at 40 Broad Street is on the market with an asking price of $25.3 million, or $375 per square foot. The four floors, totaling 67,500 square feet, are located at the base of the Setai Wall Street, a 33-story luxury condo tower, and can be purchased in their entirety or as individual floors. Owned by a joint venture of DMR CRE Opportunity Fund and CTNY Investors LLC, the building consists of 159 residential units on floors eight through 33 and offices on floors four through seven, as well as the Setai Spa, Michelin-starred restaurant SHO Shaun Hergatt and vacant retail space. The property is on the market with Cassidy Turley’s David Lebenstein, Stephen Bellwood and Edward Kent.
UWS apartment building on the market
The developer of a nine-unit building at 208 West 96th Street has abandoned plans to sell the units as condominiums and instead is offering to sell the entire property, with an asking price of $22.8 million. Brooklyn-based Manor Properties Group constructed the 10-story building, and was granted a certificate of occupancy in April. But attempts by Halstead Property Development Marketing to sell the units as condominiums failed. Then Manor Properties tried renting the apartments, which are all full-floor, three-bedroom units. Now, Eastern Consolidated has been tapped to sell the building, which has a retail unit on the ground floor.
Murray Hill school building for sale
A vacant building at 237-241 East 34th Street that was previously used as a lecture hall facility is for sale with an asking price of $16.5 million. Yeshiva University is selling the 17,875-square-foot property, located on the north side of East 34th Street between Second and Third avenues. The building consists of a 359-seat lecture hall on the ground floor, offices and storage in the basement, storage and utility rooms on the second floor, and offices on the third and fourth floors. The property, which will be delivered vacant, offers about 49,380 buildable square feet. Massey Knakal’s John Ciraulo, Michael Azarian and Kobi Leifer are handling the sale.
Brooklyn development site asking $15M
A block-through development site at 110 Beard Street in Red Hook, Brooklyn, is on the market. The sale, which is being handled by Massey Knakal, has an asking price of $14.95 million. The current owner is Beard Street Acquisition LLC, which purchased the property for $11.6 million in 2008, according to city records. The 193,800 square feet of buildable space is zoned for hotel, retail, commercial or industrial development, according to the listing.
Bronx apartment buildings on the block
Two apartment buildings at 2828 and 2885 Valentine Avenue in the University Heights section of the Bronx are on the market with an asking price of $7.3 million. Located within a block of each other, between East 197th and East 199th streets, the prewar buildings have a combined 84 residential units, with an occupancy rate of 96 percent. The properties together have 79,275 square feet of space. Moses Sioni of Sioni & Partners is handling the assignment on behalf of the owner.
Compiled by Linden Lim