Manhattan House retail sells for $14M less than asking

O’Connor Capital Partners sold the retail portion of the
landmark Manhattan
House to Madison Capital for $86 million, $14 million less than the
asking price. The 102,842 square feet of retail, parking and office
condominiums
includes seven street-level stores and four office spaces. O’Connor
Capital has
already attracted some new tenants to the building, at 200 East 66th
Street, including Staples
and Aldo. Manhattan House is comprised of five 22-story buildings, and
was originally designed as a rental building in 1952 by Gordon Bunshaft
of Skidmore, Owings
and Merrill. A team led by Dolly Lenz of Prudential Douglas Elliman is
marketing the 583 residential condos in the mixed-use complex. The attorney
general’s office approved the conversion of the building from rental
to condo in August. TRD