Here’s what the $20M-$30M NYC investment sales market looked like last week

CUNY buys its UES student housing space

527 West 36th Street and 334 East 79th Street (Credit: Google Maps)
527 West 36th Street and 334 East 79th Street (Credit: Google Maps)

In New York City’s investment sales market, the City University of New York recently bought a student dormitory for roughly $21 million and Tishman Speyer quietly added on to one of its development sites in Midtown. Here were the trades in the $20 million to $30 million range that hit public records last week.

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1.) The City University of New York bought seven commercial units at 334 East 79th Street that currently house student dormitories for Hunter College for about $20.8 million. The seller of the eight-story, Upper East Side property, which sits between First and Second Avenues, was California-based real estate investor Hawkins Way Capital.

2.) On the Far West Side, Tishman Speyer quietly picked up a two-story building at 527 West 36th Street near Eleventh Avenue for about $20.1 million from Robert Gans via an LLC. Tishman will develop the property into a park, and in exchange the developer will receive unspecified air rights for its 1.3 million-square-foot office tower that Tishman is going to build next door, across from the Jacob K. Javits Convention Center.