Buildings Sold:
RFR Realty sold 345 Park Avenue South to Deerfield, a medical fund manager that oversees $8 billion in assets, who secured a five-year $525 million loan for the acquisition and a conversion of the building to a medical lab. The sale price for the 12 story building was not disclosed.Alduwaliya Asset Management is acquiring the 17-story, 142 West 36th Street and 10-story, 234 West 39th Street for $140 million. The buildings span 119,203 square feet and 91,943 square feet respectively, were sold by Tod Waterman and USAA, who paid $118 million for the properties in 2015.
RXR’s Pier 57 is being redeveloped with a 10-year, $375 million balance sheet loan for the property, $50 million of which is for finishing off the project’s construction and moving in tenants. Google, the anchor tenant, is leasing about 350,000 of the complex’s 480,000 square feet in office space after inking an expansion last year.
Himmel + Meringoff Properties has acquired a mixed-use Bronx warehouse for $89 million or $291.00 a square foot. It is a 305,000-square-foot warehouse located at 1601 Bronxdale Avenue. The site is reportedly 100% leased.
The International Center of Photography ICP paid $29 million to pick up two condominium units at 242 Broome Street and the Essex Crossing developers bought the ICP’s old space at 250 Bowery worth $25 million.
The Thurman family of Thurcon Construction and Development is spending $77.5 million to purchase at 106 Fulton Street from DSA Property Group. The property includes 81 residential units, ground floor retail space and two floors of commercial space across 75,000 square feet.
Bernard & S. Dean Levy, Inc. sold its five-story retail building at 24 East 84th Street for $10 million. An entity tied to Genghis Hadi of Nahla Capital was the buyer. .
Deerfield will pay $345 million for 345 Park Avenue South, as it seeks $97.4 million in city tax breaks for the deal. The firm plans to convert most of the space in the 12-story building into lab space. It should provide the city with about $162 million in tax benefits.
Savanna is in contract to buy a Midtown East office building for more than $180 million. The private equity real estate firm signed to buy 360 Lexington Avenue from AEW Capital Management. The price is in the low $180 million range, or $720 per square foot.
Ashkenazy Acquisition Corp. is joining Nightingale Properties and the Wafra Group on their $907 million bid to buy the Coca-Cola building on Fifth Avenue. Ben Ashkenazy’s investment firm is putting $50 million worth of equity into the deal.
Thor and Premier Equities sold 1122 Madison Avenue to Nahla Capital for $22.5 million with $18 million in financing. The property is located between East 83rd and 84th streets and has 4,200 square feet of space.
Barone Management sold a parcel at 6301 12th Avenue in Dyker Heights to the New York School Construction Authority for $17.5 million. The plot sits within Barone’s 140,000-square-foot development site The development will have three buildings. The Angel Guardian Home for Children, will remain and become seniors housing; a new three-story residential building; and the new K-5 public school, which will have space for 600 students.
Google is expanding in Chelsea by buying the Building at 450 West 15th Street from Jamestown Properties. The price of the transaction was $600 million.
Buildings For Sale:
Rudin Management is selling 110 Wall Street, the 27-story tower occupied entirely by the We Company. The asking price of the building is about $160 million.American International Group is looking to sell its 31-story office tower at 175 Water Street with an asking price of $275 million. The building contains 484,000-square-foot works out to be $400 per square foot.
A partnership between Tishman and a pair of sovereign wealth funds is looking to sell 666 Third Avenue, a 32-story office building with 767,000 square feet. The property is located next to the Chrysler Building. They expect bids of around $700 per square foot or $540 million.
The Rudin family have put the 21-story office tower at One Whitehall Street up for sale with an asking price of $200 million.
