Yet another diminuitive newcomer is coming to Hudson Square. Trinity Church is selling the ground lease to another piece of its prized Hudson Square puzzle for a commercial development site.
Trinity, quietly one of the wealthiest private landlords in the city, is marketing a 99-year ground lease at 92 Sixth Avenue, on the northeast corner of Read More
Azita Aghravi finalized the sale of a West Village walk-up last Thursday. At 18,500 square feet, the residential building on Bank Street was neither the largest she has sold in her 22-year career, nor the most expensive.
What made the deal so remarkable, in fact, was its trend-worthiness, Ms. Aghravi said, a Read More
While foreclosures over the course of the past three years have been more prevalent outside of Manhattan, in areas as far away as Las Vegas and as close as Queens, two pre-war buildings near the Upper West Side seem to be bucking the borough’s perception as a failsafe place amidst a troubled economy. To wit, Read More
If New Yorkers know anything it’s that finding a parking spot is crucial. And so, when a commercial broker offers the master leases for two retail units on Manhattan’s bustling Third Avenue, it almost goes without saying that a parking garage will be in the offering.
Indeed, brokers at Eastern Consolidated this week announced plans Read More
Loans on a stalled development site are being sold to investors with an appetite for four slices of the United Nations submarket.
The current owners had considered moving air rights from the two 45th Street properties to the two on 44th Street, offering nearly 75,000 square feet of potential development in a prime area for hotels Read More
was sometime last March when Alan Miller got a phone call from architect Gene Kaufman, who had been hired by a French investment group to design what would be its first U.S. acquisition.
Intent on locating available land in the East Village or on the Lower East Side, the architect’s search had Read More
The retail space on the ground floor of the Devonshire House, a prewar Greenwich Village beauty at 28 East 10th Street, has changed hands for $10.35 million. The buyer, according to broker Eric Anton, is “a very wealthy family here in New York.”
Eastern Consolidated represented the seller and, according to a release, “procured” the buyer, Read More
To say David Schechtman set the bar impossibly high as a first-year broker for Eastern Consolidated may have been the understatement of 2005.
That was the year Mr. Schechtman, fresh off a five-year stint as a litigator, entered a $215 million deal on behalf of a major New York City hedge fund Read More
Eastern Consolidated has been picked to sell 7 West 51st Street at Rockefeller Center for $36 million. The 43,744-square-foot building includes a 12,400-square-foot retail component and 15,000 square feet of air rights.
Banco Popular, the former owner of the building, sold it to current owner, the Long Island-based Parkoff Organization, in 2008. Seven West 51st Street was Read More
The Commercial Observer:
Mr. Hauspurg: We actually started in 2005, which was a bit early, but we could see what was coming. The values were getting out of hand and we knew at some point the banks were going Read More
