The Langham goes up for sale
The Manocherian family is hoping to get $550 to $600 million for The Langham at 135 Central Park West, a 13-story rental property with 58 units. A condo conversion could yield apartments worth $10 to $15 million each. Douglas Harmon of Eastdil will market the deal, according to the Post.
Marlborough House on the market
Glenwood Management is planning to sell the 30-year-old, 35-story Marlborough House at 235 East 40th Street. The 269-unit property should sell for close to $200 million, the New York Sun reported.
Platinum Portfolio to be sold
Four rental apartment buildings at 20 Park Avenue, 41 Park Avenue, 10 Downing Street and 167 East 82nd Street known as The Platinum Portfolio are expected to be sold later this summer. The buildings should fetch close to $175 million, the Sun reported.
Air rights for sale over Midtown East schools
The city’s Educational Construction Fund an agency controlled by the mayor’s office has put up for sale a 75-year leasehold on the unused development rights of a two-school site on the southwest corner of Second Avenue and 57th Street. The 62,000-square-foot site can support a residential tower above the schools of at least 420,000 square feet, with the possibility of 125,000 square feet more under certain conditions. CB Richard Ellis’s Darcy Stacom and Paul Leibowitz, who are marketing the property, would not comment on the price but a sale of the land would likely draw offers of around $150 million, according to the Post.
Penncom Plaza on the block
After buying the building last year for reported $91 million, owners C & K Properties and Zamir Equities have put Penncom Plaza at 132 West 31st Street up for sale for $120 million. Woody Heller of Studley is marketing the 17-story, 417,000-square-foot property.
Madison Avenue office building for sale
The 146,000-square-foot office tower owned by CalSTRS pension at 551 Madison Avenue is expected to fetch close to $85 million, the Sun reported.
Midtown mixed-use building on the market
The Macklowe Organization will be marketing its 80,000-squarefoot office-and-retail building at 50 West 57th Street. The price is expected to exceed $750 a square foot, or $60 million, according to reports.
Old Dutch Mustard Company site for sale in Williamsburg
The 47,000-square-foot site of the former Old Dutch Mustard Company plant and several adjacent properties in North Williamsburg could go for as much as $25.4 million. Bordered on three sides by Metropolitan Avenue, Wythe Street, and North 1st Street, the blockfront can accommodate the development of a seven-story, 127,000-square-foot condominium building with a retail component. Eastern Consolidated’s Alan Miller is marketing the property, the Post reported.
UES mixed-use building for sale
The six-story building at 40 East End Avenue with 40 apartments and two stores is asking $25 million. It has 63,654 buildable square feet. Paul Massey Jr., Thomas Gammino Jr. and Cory Rosenthal of Massey Knakal are the exclusive sales agents.
South Street Seaport residential building on the market
The Seaport Mews at 264 Water Street, an eight-story elevator loft building with 27 market-rent units, is asking $24.98 million. Michael DeCheser, Peter DeCheser, Gina Berger and Rick DeRuyter of Massey Knakal are the exclusive sales agents.