New York

Here’s what the $10M-$20M NYC investment sales market looked like last week

HH Realty buys Flatiron building for $15.5M

<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/17-West-20-Street-New-York-NY-10011/1008220023-0" target="_blank" data-address="17%20West%2020%20Street%2C%20New%20York" data-label="17%20West%2020th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F17-West-20-Street-New-York-NY-10011%2F1008220023-0" data-bbl="1008220023" data-blockValue="00822" data-lotValue="0023" data-zipcode="10011" data-bldgArea="16%2C720" data-bldgDepth="92" data-bldgFront="37" data-landUse="Industrial%20%26%20manufacturing" data-lotArea="3%2C404" data-lotFront="37" data-lotDepth="92" data-retailArea="4%2C080" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="12%2C640" data-factryArea="0" data-otherArea="0" data-bldgClass="L8" data-primaryZoning="C6-4A" data-commercialOverlay="" data-far="10" data-buildable="34%2C040" data-airRights="17%2C326" data-propertyNeighborhood="Flatiron" data-latitude="40.7404227252888" data-longitude="-73.9921644566675" 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%2F17-West-20-Street-New-York-NY-10011%5C%2F1008220023-0%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%2F17-West-20-Street-New-York-NY-10011%5C%2F1008220023-1%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">17 West 20th Street</a>

17 West 20th Street

In the world of mid-market New York City investment sales last week, HH Realty Equities bought a Flatiron District commercial building, and Sam Chang made an assemblage play in Chelsea.

1.) Ariel Akkad’s HH Realty Equities bought a six-story commercial building in the Flatiron District for $15.5 million. The seller, Sealand Realty Corp., has owned the 16,720-square-foot building at 17 West 20th Street since 1970. The site is next door to Gale International’s 15-story condominium building at 21 West 20th Street, and used to house Spoon Catering and its restaurant, Tablespoon.

2.) Sam Chang’s McSam Hotel Group bought a three-story commercial building from Extell Development, just one building down from another McSam-Extell exchange. The hotelier paid $15.5 million for the 10,087-square-foot building at 154 West 24th Street in Chelsea for $15 million, on top of the $61 million price tag for 140-146 West 24th Street, where he plans to build a 45-story hotel tower. He closed on both sites earlier this month.

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New York

Here’s what the $10M-$20M NYC investment sales market looked like last week

HH Realty buys Flatiron building for $15.5M

<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/17-West-20-Street-New-York-NY-10011/1008220023-0" target="_blank" data-address="17%20West%2020%20Street%2C%20New%20York" data-label="17%20West%2020th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F17-West-20-Street-New-York-NY-10011%2F1008220023-0" data-bbl="1008220023" data-blockValue="00822" data-lotValue="0023" data-zipcode="10011" data-bldgArea="16%2C720" data-bldgDepth="92" data-bldgFront="37" data-landUse="Industrial%20%26%20manufacturing" data-lotArea="3%2C404" data-lotFront="37" data-lotDepth="92" data-retailArea="4%2C080" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="12%2C640" data-factryArea="0" data-otherArea="0" data-bldgClass="L8" data-primaryZoning="C6-4A" data-commercialOverlay="" data-far="10" data-buildable="34%2C040" data-airRights="17%2C326" data-propertyNeighborhood="Flatiron" data-latitude="40.7404227252888" data-longitude="-73.9921644566675" 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%2F17-West-20-Street-New-York-NY-10011%5C%2F1008220023-0%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%2F17-West-20-Street-New-York-NY-10011%5C%2F1008220023-1%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">17 West 20th Street</a>

17 West 20th Street

In the world of mid-market New York City investment sales last week, HH Realty Equities bought a Flatiron District commercial building, and Sam Chang made an assemblage play in Chelsea.

1.) Ariel Akkad’s HH Realty Equities bought a six-story commercial building in the Flatiron District for $15.5 million. The seller, Sealand Realty Corp., has owned the 16,720-square-foot building at 17 West 20th Street since 1970. The site is next door to Gale International’s 15-story condominium building at 21 West 20th Street, and used to house Spoon Catering and its restaurant, Tablespoon.

2.) Sam Chang’s McSam Hotel Group bought a three-story commercial building from Extell Development, just one building down from another McSam-Extell exchange. The hotelier paid $15.5 million for the 10,087-square-foot building at 154 West 24th Street in Chelsea for $15 million, on top of the $61 million price tag for 140-146 West 24th Street, where he plans to build a 45-story hotel tower. He closed on both sites earlier this month.

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