Chetrit selling International Toy Center
The Chetrit Group is considering selling the 15-story International Toy Center. Douglas Harmon of Eastdil Secured is advising the company on the marketing effort, according to the New York Post. Chetrit bought the connected buildings at 200 Fifth Avenue and 1107 Broadway in early 2005 for $355 million.
100 Wall Street to be sold
Beacon Capital Partners has retained an investment bank to market its 29-story, 466,000-square-foot building at 100 Wall Street, the New York Sun reported. The property is expected to fetch close to $175 million, or $375 a square foot. Beacon purchased the building in December 2005 for $134 million from Reckson Associates Realty.
Grand Central office space on market
SL Green is selling the 200,000-square-foot office component of 110 East 42nd Street, the Post reported. Bids are expected in the $600 per square foot range. The building, across the street from Grand Central Terminal, also houses a grand ballroom owned by Cipriani. A Studley team led by Woody Heller and including Will Silverman and David Endelman is marketing the commercial condo for SL Green.
West Village portfolio for sale
A six-building portfolio in the West Village is on the market for sale with an asking price of $101.5 million. Most of the buildings in the Beck Street Portfolio have a mix of retail and rental units and are offered as a package or individually. The properties are located at 367-69 Bleecker Street, also known as 87 Charles Street; 382-84 Bleecker Street, also known as 92-94 Perry Street; 387 Bleecker Street; 625 Broadway, also known as 192 Mercer Street; 82 Christopher Street; and 37 Greenwich Avenue, also known as 2 Charles Street. James Nelson, Brendan Gotch and Billy Simons of Massey Knakal are the exclusive sales agents.
Madison Avenue parcel on the block
A parcel at 635 Madison Avenue is on the market and will likely sell for more than $100 million, the Post reported. The long-term family owners are selling off control of just the land initially, and the buyer will have to wait 45 years to take control of the 140,000-square-foot commercial building on top. Bill Shanahan and Darcy Stacom of CB Richard Ellis are marketing the property.
39th Street Fashion Center on the market
L & L Holdings is selling the 39th Street Fashion Center, the Post reported. L & L bought the 200,000-square-foot building in 2000 for $19 million. The Fashion Center, which counts Anna Sui among it tenants, is expected to go for around $90 million, or $400 per square foot. Cushman & Wakefield’s Jon Caplan, Scott Latham, Ron Cohen and Richard Baxter are marketing the property.
Chelsea development site on the market
The block-through commercial development site at 511-517 West 21st Street near the High Line is on the market for sale, according to the Sun. A developer can build a 100,000-square-foot gallery or hotel. The site is expected to sell for more than $500 per buildable square foot.
Commercial building for sale on UES
The 63,000-square-foot Decorators Center Building at 315 East 62nd Street has been put on the market and is expected to fetch $35 million, GlobeSt.com reported. The 100 percent occupied property is net leased through 2011. It comprises two attached buildings — one six stories and the other three — and has a retail component on the ground level and offices and design showrooms on the upper floors. Ken Zakin, Neil Joffee, Barbara Craig and Randall Liberman of Newmark Knight Frank are exclusively marketing the property.
Kips Bay portfolio for sale
Ten contiguous mixed-use and walk-up apartment buildings in Kips Bay are on the market for sale at an asking price of $28.5 million. The Kips Bay Portfolio comprises 243 East 31st Street, 245 East 31st Street, 247-251 East 31st Street, 563-565 Second Avenue, 567 Second Avenue and 569-571 Second Avenue. The properties total 44,966 square feet and have an additional 40,865 square feet of unused development rights. John Ciraulo, Shimon Shkury and Matthew Parvin of Massey Knakal are handling the sale.
Brooklyn industrial building on the block
A vacant five-story industrial building in Brooklyn’s Sunset Park neighborhood is on the market for sale or lease. The 135,000-square-foot building at 3913 2nd Avenue is asking $26.5 million for an outright sale, or $9 per square foot for a long-term triple net lease. The building can support a variety of commercial uses. Ofer Cohen of Massey Knakal is exclusively marketing the property.