Top 3 Office Building Sales

PropertyShark compiled the top 3 sales in office for February 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 19-21 E. 64th St., Manhattan
    19-21 E. 64th St., Manhattan

    Sale Price: $90,000,000

Encompassing 18,860 square feet, the five-story asset was built in 1932 and last altered in 2009. Prior to this sale, the property changed ownership for $79.5 million in April 2017. Located in the Upper East Side Historic District, the building offers convenient access to the N/Q/R subway lines at Fifth Avenue and 60th Street, as well as the M1 bus route at East 63rd Street and Madison Avenue.

  1. 210 E. 117th St., Manhattan
    Sale Price: $2,250,000

This four-story East Harlem property built in 1910 includes one commercial unit and three residential units comprising a total of 3,992 square feet. The office/garage portion of the asset features 1,046 square feet and was purchased by the Community Christian Church of New York City.

  1. 48-56 W. 37th St., Manhattan
    Sale Price: $1,189,360

Acquired by Adams & Co. Real Estate, this 18-story high-rise office asset in Murray Hill comprises 144,598 square feet. With floorplates ranging from 5,100 to 11,525 square feet, the 1926-built property currently has a vacancy rate of 27.8 percent, according to Yardi Matrix. The building also includes 8,000 square feet of first floor retail and is home to tenants such as Allure Eyewear, MBI, Dunkin’ Donuts, John B. Murray Architect and All Building Construction Corp.