Upper West Side rental on the market
A historic Upper West Side rental apartment building is being marketed for sale. The 12-story, 170-unit Apthorp, which occupies an entire block at 2207 Broadway and 390 West End Avenue, came on the market in May. It could fetch more than $500 million, the New York Sun reported.
Park Avenue office tower could hit the market
The government of Kuwait, which owns the 30-story, 537,000-square-foot office tower at 350 Park Avenue, is expected to put the building on the market, the Sun reported. The building could fetch close to $400 million, or $750 a square foot.
Gramercy Park rental for sale
The Elektra, a 32-story, 116,000-square-foot rental tower on Third Avenue between 22nd and 23rd streets, is on the market and is expected to sell for close to $90 million, or $750 a square foot. Owner Continuum Health Partners will deliver the 166-unit building vacant, according to published reports.
Bids due for One Exchange Place
Bids were due in late May for the 32-story, 295,000-square-foot office tower at 55 Broadway, also known as One Exchange Place. The building is expected to fetch about $80 million, or $271 a square foot, the Sun reported.
Greenpoint development site on the block
The former East River location of the Bulova Corporation at 77 Commercial Street is on the market with an asking price of $61 million, the New York Post reported. The site can be built to 307,000 square feet of residential and retail space on a 107,000-foot plot. It’s next to George Klein’s planned 1-million-square-foot redevelopment of the Lumber Exchange Terminal, which could also have a Manhattan Water Taxi stop. David Junik of Greiner Maltz is marketing the site.
East 29th Street site going for $350 a foot
A residential site at 39 East 29th Street between Madison Avenue and Park Avenue South is expected to sell for between $350 and $400 a square foot, the Post reported. The site, now a vacant lot, has been cleared for a 140,000-square-foot condo building that’s already designed. Woody Heller of Studley is handling the sale for owners Lawrence Ruben Co. and Jonis Realty.
Kabbalah Centre on the market for $42 million
The five-story New York Kabbalah Centre at 155 East 48th Street is on the market for $42 million, the Post reported. It features three three-bedroom apartments, two elevators, a chef’s kitchen, two spas, and a synagogue on the second floor. The Kabbalists bought the building in 1994 for $3.25 million. Avi Voda of Prudential Douglas Elliman is marketing the property.
Downtown Brooklyn development sites on the market
A development site at 107 Lawrence Street that can support 186,000 square feet is on the market for $30 million. Brian Leary and Adam Rosenfield of Massey Knakal are the exclusive marketing and sales agents. Massey Knakal is also selling a development site one block to the south, at 141-145 Lawrence Street, which can support 80,054 square feet. The asking price is $13 million.
Fifth Avenue condo site for sale
The site of 241 Fifth Avenue, which comes with architectural plans for a 20-story condominium, is on the market for $26.5 million. Asher Alcobi and Ami Blashkovsky of Peter Ashe are the exclusive sales agents.
Upper East Side townhouse on the market
Bankrupt art firm Berry-Hill Galleries has put its home at 11 East 70th Street up for sale, the Post reported. Bids were due last month for the 7,000-square-foot limestone townhouse, which has been appraised at $21 million.
Park Avenue townhouse for sale
The five-story, 13,620-square-foot mixed-use townhouse at 821 Park Avenue is on the market with an asking price of $20 million. The elevator building can be kept as a rental or converted. Guthrie Garvin, Tom Gammino and Tim Sheehan of Massey Knakal are the exclusive sales agents.
Midtown East development site on the market
A development site with 50,000 buildable square feet at 227-231 East 44th Street is asking $18 million. The site currently contains a vacant five-story commercial building. Robert Knakal, Clinton Olsen, Jonathan Hageman and Daniel Hagan of Massey Knakal are the exclusive agents.
Fifth Avenue office building to be converted
A 17-story office building at 307 Fifth Avenue and an adjacent parking lot are expected to be sold to a residential developer, the Sun reported.
92nd Street Y selling Steinhardt Building
The 92nd Street Y announced recently that it is selling its five-story, 22,000-square-foot double townhouse at 35 West 67th Street. Brian Gell, Timothy Sheehan, and Edward Midgley of CB Richard Ellis are marketing the property, which was donated in 2001 by philanthropist and Y board member Michael Steinhardt. It was valued at the time at $16 million, the Post reported.