New York

World-Wide Group snags Bloomingdale’s building for $37M

Now has 300,000 square feet of development rights at site: source

Victor Elmaleh and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/155-East-60-Street-New-York-NY-10022/1013950026-0" target="_blank" data-address="155%20East%2060%20Street%2C%20New%20York" data-label="143-155%20East%2060th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F155-East-60-Street-New-York-NY-10022%2F1013950026-0" data-bbl="1013950026" data-blockValue="01395" data-lotValue="0026" data-zipcode="10022" data-bldgArea="78%2C716" data-bldgDepth="100" data-bldgFront="80" data-landUse="Comm%20%26%20office%20buildings" data-lotArea="8%2C033" data-lotFront="80" data-lotDepth="100.42" data-retailArea="0" data-resArea="0" data-officeArea="78%2C716" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="O3" data-primaryZoning="C5-2" data-commercialOverlay="" data-far="10" data-buildable="80%2C330" data-airRights="1%2C606" data-propertyNeighborhood="Lenox%20Hill" data-latitude="40.7627482521606" data-longitude="-73.9668828250691" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F155-East-60-Street-New-York-NY-10022%5C%2F1013950026-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F155-East-60-Street-New-York-NY-10022%5C%2F1013950026-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">143-155 East 60th Street</a> (Photo credit: Google)

Victor Elmaleh and 143-155 East 60th Street (Photo credit: Google)

The development firm World-Wide Group paid $37 million for an 11-story commercial building at 155 East 60th Street across the street from Bloomingdale’s flagship store in Lenox Hill.

The purchase from Bloomingdale’s gives World-Wide a total of about 300,000 square feet of development rights along East 60th Street, between Lexington and Third avenues, a source close to the deal said.

The firm had previously acquired 143 (home to the famous dive bar, Subway Inn), 145-147, 149, 151 And 153 East 60th Street. With the new purchase, the firm now owns 200 feet of frontage along East 60th Street. It does not own the 20-foot wide corner building, 767 Lexington Avenue, city records show.

World Wide, headed by Victor Elmaleh, closed on the purchase of the 78,723-square-foot commercial building on Jan. 24, after going into contract in September, city records recorded today reveal.

That same day, the company took out a $26.5 million mortgage from M&T Bank covering the buildings from 143 to 153 East 60th Street, and a $32.5 million mortgage from the same lender secured by the newly acquired building.

World-Wide is active in the city. Last fall, it began construction on a long-stalled site in Long Island City where it is raising a $157 million rental building. It is also constructing a 59-story residential tower at 252 East 57th Street.

Bloomingdale’s and World-Wide did not immediately respond to a request for comment.

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New York

World-Wide Group snags Bloomingdale’s building for $37M

Now has 300,000 square feet of development rights at site: source

Victor Elmaleh and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/155-East-60-Street-New-York-NY-10022/1013950026-0" target="_blank" data-address="155%20East%2060%20Street%2C%20New%20York" data-label="143-155%20East%2060th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F155-East-60-Street-New-York-NY-10022%2F1013950026-0" data-bbl="1013950026" data-blockValue="01395" data-lotValue="0026" data-zipcode="10022" data-bldgArea="78%2C716" data-bldgDepth="100" data-bldgFront="80" data-landUse="Comm%20%26%20office%20buildings" data-lotArea="8%2C033" data-lotFront="80" data-lotDepth="100.42" data-retailArea="0" data-resArea="0" data-officeArea="78%2C716" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="O3" data-primaryZoning="C5-2" data-commercialOverlay="" data-far="10" data-buildable="80%2C330" data-airRights="1%2C606" data-propertyNeighborhood="Lenox%20Hill" data-latitude="40.7627482521606" data-longitude="-73.9668828250691" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F155-East-60-Street-New-York-NY-10022%5C%2F1013950026-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F155-East-60-Street-New-York-NY-10022%5C%2F1013950026-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">143-155 East 60th Street</a> (Photo credit: Google)

Victor Elmaleh and 143-155 East 60th Street (Photo credit: Google)

The development firm World-Wide Group paid $37 million for an 11-story commercial building at 155 East 60th Street across the street from Bloomingdale’s flagship store in Lenox Hill.

The purchase from Bloomingdale’s gives World-Wide a total of about 300,000 square feet of development rights along East 60th Street, between Lexington and Third avenues, a source close to the deal said.

The firm had previously acquired 143 (home to the famous dive bar, Subway Inn), 145-147, 149, 151 And 153 East 60th Street. With the new purchase, the firm now owns 200 feet of frontage along East 60th Street. It does not own the 20-foot wide corner building, 767 Lexington Avenue, city records show.

World Wide, headed by Victor Elmaleh, closed on the purchase of the 78,723-square-foot commercial building on Jan. 24, after going into contract in September, city records recorded today reveal.

That same day, the company took out a $26.5 million mortgage from M&T Bank covering the buildings from 143 to 153 East 60th Street, and a $32.5 million mortgage from the same lender secured by the newly acquired building.

World-Wide is active in the city. Last fall, it began construction on a long-stalled site in Long Island City where it is raising a $157 million rental building. It is also constructing a 59-story residential tower at 252 East 57th Street.

Bloomingdale’s and World-Wide did not immediately respond to a request for comment.

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