Soho retail condo on the market
A 9,400-square-foot retail condo at 40 Mercer Street, part of a 13-story luxury apartment building designed by Jean Nouvel, is on the market, the New York Post reported. The commercial unit is expected to sell for around $50 million. It is currently leased to retailers Bose, Dermalogica and Vivienne Tam as well as a Wachovia Bank. Developer Hines Interests is offering the retail space in a joint venture with Andre Balazs. Woody Heller and Will Silverman of Studley are marketing the property.
Upper Manhattan residential portfolio for sale
Five apartment buildings in Washington Heights and Fort George are on the market with an asking price of $48 million for the package, but the buildings can be purchased individually as well. Two six-story buildings at 1083-1091 St. Nicholas Avenue total 135,462 square feet and are priced at $22.5 million; another two properties at 1621-1639 St. Nicholas Avenue total 95,126 square feet and have an asking price of $18.5 million; and a six-story, 40,924-square-foot building at 610 West 174th Street can be purchased for $7 million. Marcia Rose Yawitz, Peter Hauspurg and Harrison Douglas of Eastern Consolidated are handling the sale.
Flushing development site on the block
A 389,016-buildable-square-foot development site at 135-35 Northern Boulevard in Queens is on the market with an asking price of $31.5 million. The property, known as the RKO Plaza, is the site of a proposed 16-story mixed-use building with 200 residential units, 10,175 square feet of retail and a 15,108-square-foot senior center. The project also calls for 229 parking spaces. The residential component would include 73 loft-style units averaging 1,800 square feet. Greg Corbin, Thomas Donovan and Shimon Shkury of Massey Knakal are handling the assignment.
East Harlem assemblage on the market
A 38,554-square-foot assemblage at 2174 Third Avenue is on the market with an asking price of $25 million. The seven-parcel package has a mix of one- to five-story residential, commercial and mixed-use buildings. The property permits a mixed-use development of approximately 172,000 square feet. The average rent in the buildings is currently $1,300 for a studio, $1,900 for a one-bedroom, $2,500 for a two-bedroom and $3,000 for a three-bedroom. Marcus & Millichap is marketing the properties.
Soho mixed-use building for sale
A five-story, 8,728-square-foot mixed-use building at 523 Broadway is on the market with an asking price of $24 million. The loft building features four residential units on the upper floors and a ground-level retail space, currently occupied by Foot Locker. The footwear retailer has five years remaining on its lease. James Nelson of Massey Knakal is marketing the property.
Queens development site asking $24 million
A 7.5-acre development site in the Howard Beach section of Queens is on the market with an asking price of $24 million. Plans have been approved for a large, private gated community with 237 apartments ranging from 1,050 to 1,800 square feet. The units will have one to two-and-a-half baths and either a recreation room or additional storage space. The current owner had planned to push the development through in two phases, with the first phase consisting of 111 units. Stephen Preuss of Massey Knakal is handling the sale.
Washington Heights package offered
A pair of six-story mixed-use buildings at 545 West 164th Street and 540 West 165th Street is on the market with an asking price of $22.5 million. The contiguous elevator properties contain 108 apartments and 13 stores with more than 220 feet of retail frontage. The prewar buildings were constructed in the early 1900s. Harrison Douglas, Peter Hauspurg and Marcia Rose Yawitz of Eastern Consolidated are marketing the properties.
Bronx development site for sale
A 193,000-square-foot industrial development site at 2338 Hermany Avenue in the Bronx is on the market with an asking price of $16 million. The parcel, located in the Parkchester section of the borough, is zoned primarily for industrial use; three lots totaling 20,000 square feet are zoned for low-density residential use. NAI Friedland Realty is handling the assignment.