Buildings for Sale:
The retail condo at 808 Broadway and 104-110 Fourth Avenue is for sale, asking $15.95 million. Halloween Adventure has been operating from the building since 1996, but the store will close up shop after the sale.Three retail condominiums at 385 First Avenue are up for sale for $29 million.
Rialto Capital is foreclosing on 33 West 46th Street, a 10-story office and retail building in the Diamond District. The property belongs to the estate of Jorge Justo Neuss, an Argentinian businessman who authorities said killed his wife and then himself late last year.
Buildings Sold:
Google Buying Manhattan’s St. John’s Terminal Building for $2.1B Google has been leasing the 1.3 million-square-foot building at 550 Washington Street in Hudson Square since 2019. It has spent or is planning to spend hundreds of millions of dollars fitting it out to make it part of Google’s East Coast hub in Manhattan.Condor Hospitality Trust is set to sell its hotel portfolio to affiliates of Blackstone Real Estate Partners for $305 million in an all-cash, no existing debt deal. The transaction is expected to close in the fourth quarter, pending the approval of shareholders
Vanquish LLC, a group of investors from the Middle East, bought a boutique office building from Penn South Capital at 39 Clarkson Street for $45.9 million. The all-cash deal for the six-story, 30,000-square-foot building closed two weeks ago.
Google is purchasing the St. John’s Terminal office building at 550 Washington Street for $2.1 billion and is being hailed as proof of the city’s economic recovery.
60 Guilders sold seven medical office condos at 345 East 37th Street for $12 million. The buyer was Miami-based Candor Capital. The condos are fully leased and estimated that they span 20,000 square feet combined.
The New School’s dorm at 118 West 13th Street, containing 34,000-square-foot property, was sold to Slate Property Group for $22.85 million, or $673 a foot.
Horizon Group acquired the 60-unit Riverside Tower Hotel at 80 Riverside Drive on the Upper West Side for $12.1 million. The seller was the Cosmopolitan Broadcasting Corporation.
Reuben Brothers have swooped in to buy 677 Madison Avenue, 759 Madison Avenue and 828 Madison Avenue from Vornado.
Grid Group bought a property with 61,500 square feet of development potential at 142 West 42nd Street in Chelsea for $31 million. The seller was Louise Weiss of Jadlamm Realty Corp. It includes a 16,400-square-foot parking garage.
New Empire Corp. picked up a 45,000 square feet of development potential on the corner of Second Avenue and East 25th Street in Kips Bay for $14.8 million. The Speiser Organization sold the vacant 17,000-square-foot building that spans 429, 433 and 437 Second Avenue.
Denali Management bought an 83-unit mixed-use building at 230 East 167th Street in Concourse, Bronx, for $13.5 million. The Morgan Group was the seller. The building spans 78,000 square feet and has 78 residential units.
Eliezer Steinmetz bought a 55,000-square-foot industrial building at 115-10 14th Road in College Point, Queens, for $12 million. The seller was Jag Specialty Foods through A. Angonoa, Inc. Steinmetz purchased the building through Col Point Center Owner LLC.
Brookfield Property Partners is in contract to sell its retail condo at 530 Fifth Avenue for around $190 million, roughly a third less than the $295 million it paid for the property. Tenants include Duane Reade, Chase Bank and the discount retailer Five Below to a partnership between Aurora Capital Associates and hedge funder Edmond M. Safra.
GFP Real Estate and the Northwind Group have agreed to sell the tower at 100 Pearl Street, previously known as 7 Hanover Square, to German investor Commerz Real. The price for the building was $850 million, or $900 per square foot.
SL Green has acquired a stake in 1601 Broadway for $121 million. The 46-story Times Square building is home to the new Krispy Kreme flagship, a Crowne Plaza hotel and around 230,000 square feet of office space across nine floors. The site has about 216,000 square feet of unused air rights. The portion of the fee interest purchased by SL Green was previously owned by Walber Broadway Co., which bought into the building in 1987.
Vornado Realty Trust just sold 155 Spring Street and 478-482 Broadway KPG Funds. KPG paid approximately $85 million for the two Soho properties.
