$1,059 a Foot in the Village
A five-story federal style townhouse in the West Village—which, incidentally, houses some of the luckiest rent-controlled tenants in the entire city—has sold for $6.5 million, brokers said. Read More
Trading Spaces
World’s Largest LGBT Synagogue Buys First Property
Congregation Beit Simchat Torah, the self-proclaimed largest lesbian, gay, bisexual and transgender synagogue in the world, has purchased 15,000-square-feet of commercial condominium space in the fashion district.
The $7.1 million deal at 130 West 30th Street marks the first time the high-profile, 38-year-old congregation has owned property and will allow the synagogue to hold its regular services in its own sanctuary, with additional space to accommodate its social justice work and other events. Read More
$595 a Foot On Park Avenue South
The mixed-use residential and retail property, 220 Park Avenue South, near Gramercy Park and Union Square has sold for $20 million, brokers said. With a taking price of $595 per square foot, the turn-of-the-century, 33,638-square-foot building and its 37 rental units could be ripe for a condo conversion, said Peter Von Der Ahe of Marcus & Millichap Real Estate Investment Services, which negotiated the sale. Read More
National Arts Club to Take Non-Sibling Renters
Wanted: Roommate for BRAND NEW PLUSH room in 160-year-old building, completely renovated. Right off Gramercy Park, located near two subway stops (NQR/L/456), tons of bars, farmers’ market, adjacent. Non-smoker/celebrity preferred. NO BIRDS. Price: $100 per square foot. Read More
Bed Bath & Beyond Building on the Block; Could Fetch $500 M., Sources Say
Hot on the heels of RXR Realty’s purchase of the Starrett-Lehigh Building for $900 million and the sale of 111 Eighth Avenue to Google for $1.8 billion, Bed Bath & Beyond’s building is on the block.
A partnership of Joseph Chetrit and Yair Levy, spearheaded by Charles Dayan from Bonjour Capital, bought the building for $289.8 million in 2005, according to city records. But with the trendy Chelsea office market enjoying a boom, driven in no small part by the tech bubble, the building could sell for around $500 million, according to some sources. Read More
It’s the High Line Again for Sherwood
As the city’s most conspicuous new public park continues to expand, so do the number of new investors seeking to take a piece of the beloved High Line. Indeed, Sherwood Equities, the New York-based, privately held real estate investment and development company, has acquired 508 West 20th Street, the stalled development site in what a Read More
Two Rare Herald Square Trades
Thousands of purchases are made each day on the bustling 34th Street corridor, but prime retail space has barely traded at all.
The leasehold interest for two Herald Square area buildings between Fifth Avenue and Broadway has sold for $7.4 million. The buyer is ISTA West 34th Street LLC, an entity affiliated with Lloyd Goldman’s BLDG Read More
Upper West Side Mixed-Use for Sale: $13.5 M.
A landmarked, 124-year-old building at the center of the Upper West Side’s high-end shopping stretch has gone on the block for $13.5 million, according to brokers. Besides being historic, however, the mixed-use building at 241-247 Columbus Avenue, at 71st Street, is already home to more than 100 feet of retail frontage, including space filled by Read More
SL Green Sells 28 West 44th for $161 M.
SL Green’s flight to quality continues, now that one of its middle-market midtown office buildings is in contract for $161 million.
The building at 28 West 44th Street (on “Club Row,” says the press release) will go to APF Properties and a Prudential Real Estate Investors managed fund for $448 per square foot, according to Read More
Suite Jesus! Church Sells Rock Center Rights for $165 M.
From the religious heart of the city to a center of commerce hung with Christmas bulbs, Rockefeller Center’s transformation is nearly complete.
An entity affiliated with a long-extinct church, St. Nicholas Collegiate Church, has sold the land rights to its former Rock Center site at 600 Fifth Avenue to Tishman Speyer for $165 million, according to Read More
