Hunter College Brookdale campus for sale
Hunter College’s 4.2-acre Brookdale campus is on the market and could fetch more than $250 million, the New York Post reported. The site, owned by the City University of New York, is bounded by First Avenue and the FDR Drive and East 25th and 26th streets. The space is used for medical classrooms, research and community health programs, dormitories and a tennis court. The property has 448,600 square feet of existing floor area but is zoned for 1.19 million square feet of apartments and/or educational facilities. Darcy Stacom and Paul Liebowitz of CB Richard Ellis are handling the assignment.
UES apartment building could fetch $175M
A 28-story, 205,261-square-foot apartment building at 200 East 82nd Street is on the market and could sell for as much as $175 million, the Post reported. The building, built in 1980 and currently owned by P & H Associates, has 230 apartments with a rent average that tops $3,000 a month. Citibank occupies the 6,500-square-foot retail space. The property is being marketed as a candidate for a condo conversion but may be kept as a rental, with the ability to make unlimited rent increases. Jubeen Vaghefi, Jeff Morris, Nat Rockett and Thomas Beneville of Jones Lang LaSalle are marketing the property.
Greenwich Village apartment building for sale
A seven-story, 150,000-square-foot apartment building at 85 Fourth Avenue is on the market and is expected to sell for more than $100 million, the Post reported. The block-through property between 10th and 11th streets has 160 apartments, of which half are rent-stabilized and half go for market rates, four stores and a parking garage. Eric Anton, Ronald Solarz, Sam Schneider and Daniel Glaser of Eastern Consolidated are handling the assignment.
UES apartment building on the market
A 12-story, 73,396-square-foot apartment building at 150 East 72nd Street is on the market, the Post reported. The prewar elevator building has 40 units, 80 percent of which are free-market, and ground-level retail space. Developer Edgar Levy originally purchased the land in 1912; the current owners live in the building and have had the property in the family since 1934. The building is expected to go for around $100 million. Richard Baxter, Ron Cohen, Scott Latham and Jon Caplan of Cushman & Wakefield are handling the sale.
Chelsea hotel asking $95M
The 21-story, 55,916-square-foot Four Points Sheraton hotel at 160 West 25th Street is on the market with an asking price of $95 million. The property, built in 2001, can be converted for hotel-condominium use. Mario Gigante of Atlantic Real Estate Corp. is marketing the property.
Queens apartment building for sale
A 140-unit apartment building at 130-40 and 130-50 Ash Avenue in Flushing, Queens, is on the market, the Post reported. The property could sell for around $30 million. Units at the prewar building are 100 percent rent-regulated. Richard Baxter, Ron Cohen, Scott Latham and Jon Caplan of Cushman & Wakefield are handling the assignment.
Fashion District office building asking $30M
A 12-story, 73,106-square-foot office loft building at 335 West 35th Street is on the market with an asking price of $29.9 million. Located between Eighth and Ninth avenues, the building consists of 19 commercial units, of which 14 are occupied and five are vacant. Approximately 55 percent of the leasable area operates on a month-to-month basis and/or operates on leases with demolition clauses. Approximately 75 percent of the property can be converted into hotel or residential use. Robert Knakal and Shimon Shkury of Massey Knakal are handling the sale.
East Village development site for sale
Three mixed-use properties at 8 and 10-12 Bond Street are on the market with an asking price of $25 million. The package includes a three-story building at 8 Bond Street and two contiguous one-story buildings at 10-12 Bond streets. The properties, which can be delivered vacant, combine for more than 6,500 square feet of space and can be converted for hotel or residential use. Approximately 95 years are remaining on the long-term ground lease, which calls for 9 percent increases every five years. James Kinsey and Robert Knakal of Massey Knakal are handling the assignment.