Top 10 NYC Commercial Property Sales Recorded in Fourth Quarter 2016

Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company

 

  1. 1250 Broadway, Manhattan1250 Broadway, Manhattan
    Sale Price: $565,000,000

This 39-story, 645,977-square-foot office tower was built in 1969 and is home to businesses such as Kang Suh Restaurant, Woori American Bank and Accessories Palace. The building comprises 55 commercial units and was renovated in 2014.

  1. 433-447 9 Ave., Manhattan
    Sale Price: $330,000,000

Sold by EmblemHealth to Cove Property Group, this eight-story office asset was an adaptive reuse project which started as an industrial building in 1953 and converted to office in 1982.

  1. 292 Madison Ave., Manhattan
    Sale Price: $180,000,000

Built in 1923, the 24-story building offers 170,230 square feet of office and retail space, divided among 26 commercial units.

  1. 119-125 W. 25 St., Manhattan
    Sale Price: $150,000,000

This loft building in Chelsea is surrounded by art studios, salons and restaurants, featuring 11 floors and 113,062 square feet. It offers 13 commercial units and was originally built in 1906.

  1. 130 E. 23 St. #CU1, Manhattan
    Sale Price: $143,999,840

Sold in a portfolio with 122 E. 23 St. #CU2, 130 E. 23 St. #IRU1 and 122 E. 23 St. #1RU2, this 82,729-square-foot condominium billing lot has five stories and is located just on the other side of the United Cerebral Palsy of New York City building.

  1. 510-514 W. 34 St., Manhattan
    Sale Price: $124,700,000

A two-story, semi-fireproof office building in the Hudson Yards neighborhood, this asset offers 8,455 square feet of office and 2,795 square feet of retail space.

  1. 817-819 Broadway, Manhattan
    Sale Price: $109,000,000

This Greenwich Village, mixed-use, office and retail building houses 14 floors making up 114,000 square feet of space. A transit-oriented property located within ¼ mile from four subway stations, the building was sold to Taconic Investment Partners from L&D Management and is home to several different tenants including a restaurant, music shop, a social services union office, social workers and doctors.

  1. 240-246 W. 35 St., Manhattan
    Sale Price: $108,000,000

Café Nunez occupies this location next to the New York Institute of English and Business. With 35 commercial units among 145,372 square feet, this building was built in 1924 and is 17-stories high.

  1. 52-58 Varick St., Manhattan
    Sale Price: $90,000,000

Housing nine residential units at an average size of 2,944 square feet and 17 commercial units, this six-story property is home to Tribeca Cinemas and was built in 1900.

  1. 1 Boerum Place, Brooklyn
    Sale Price: $76,500,000

Located in downtown Brooklyn, this four-story office building built in 1963 offers one commercial unit totaling 42,278 square feet which is occupied by Brooklyn Industries.