Extell selling Midtown West apartment building
The 25-story Encore rental at 301 West 53rd Street, which Extell Development bought at the end of July 2004 for $131 million, is on the market again. Extell had teamed up with Westbrook Partners to convert the building, but is selling it instead, according to the New York Post. Of the 264 apartments, only 22 are now subject to rent regulation. Darcy Stacom and Bill Shanahan of CB Richard Ellis are marketing the building, which is expected to fetch around $600 for each of its 225,000 square feet, or $135 million.
23 Wall Street could become high-end hotel
A high-end boutique hotel could rise at 23 Wall Street. Currently owned by Shaya Boymelgreen, who bought the property along with 15 Broad Street for $100 million in 2003, 23 Wall Street could sell for about $115 million, market observers say, and would-be buyers now include hotel developers, according to the Slatin Report.
Tribeca building could turn into hotel
Bids were due last month for the development rights for an eight-story building at 443 Greenwich Street. Several hotel developers were supposedly ready to put down more than $100 million to turn the Tribeca building into a high-end hotel, the Post reported.
Bids due for Technicolor Building
Bids were due in January for the 207,000-square-foot Technicolor Building at 321 West 44th Street, the Post reported. Owners Thor Equities and GVA Williams hope to fetch in the $70 million range. GVA is handling the sale offering. The building, home to jazz club Birdland, is known for show business office tenants that include Technicolor and Sean “P. Diddy” Combs’ recording studio.
Nonprofit selling townhouse
The Edwin Gould Foundation for Children has put its 23-room Greek Revival townhouse at 23 Gramercy Park South on the market for $16.9 million, according to New York magazine. Corcoran’s Erin Boisson Aries is the building’s listing agent. The nonprofit is headed to more modern offices in the Financial District.
Upper East Side apartment building on the block
The 19-unit apartment building at 7 East 75th Street is on the market for $14.75 million. The elevator building totals 17,010 square feet and can be converted to condos. Sharon Bands and Peter Von Der Ahe of Marcus & Millichap are marketing the property on behalf of the seller, a local private investor.
Mixed-use Greenwich Village building for sale
The mixed-use building at 52-54 West 13th Street is for sale at an asking price of $12 million. The site can support approximately 26,000 square feet of development. Tanya Khabay of Marcus & Millichap is representing the owner, an out-of-state investor.
Williamsburg development site on the block
Bids were due on Feb. 15 for four plots in North Williamsburg. Three of the lots — 391 Leonard Street, 59 Frost Street, and 65 Frost Street — are contiguous; the fourth is across the street at 79 Richardson Street. In total, the sites offer 133,596 square feet of developable land. The site will be delivered vacant to the new owner, who will have the ability to develop residential condos with retail components. Jeffrey Troy, Louis Ricci, and Anthony Finno of Eastern Consolidated are marketing the property.