Top 5 Office Building Sales
- Nov 12, 2018
- 101 Barclay St., Manhattan
Sale Price: $352,000,000
This 25-story building located in TriBeCa offers 1.1 million square feet of space, with 9,484 of that set aside for retail on the ground floor. Built in 1983, the property is LEED Gold certified, and was last upgraded in 2001. According to Yardi Matrix, tenants include Barclay Newstand Corp., CHS NY Medical, Chase Bank and Bank of New York Mellon—which is also listed as the owner. Neighboring transportation options include the 1/2/3 subway lines at the corner of Chambers Street and West Broadway, as well as the M9 bus route at the intersection of Murray and Greenwich Streets.
- 799 Broadway, Manhattan
Sale Price: $145,500,000
Dubbed St. Denis, this six-story property is located in Greenwich Village and offers 97,500 square feet. The building was last owned by Normandy Real Estate Partners, which purchased the asset back in July 2016 for $101 million, from Cambridge Associates. According to Yardi Matrix, in October 2018, the property became subject to a $110 million loan held by Apollo Commercial Real Estate. Current tenants include Cambridge Associates, Maurlife Therapeutics, Art Gallery Custom Framing, Jeffrey Indyke Hair Salon and the Finnish Cultural Institute. St. Denis is the adaptive reuse of a 1873-built hotel to office space in 1940.
- 192 Lexington Ave., Manhattan
Sale Price: $89,000,000
Gorjian Real Estate Group acquired this 123,243-square-foot high-rise in Gramercy Park from a private buyer. The sale was subject to a $60 million loan held by Citibank, according to Yardi Matrix. Originally constructed in 1926, the 15-story building underwent cosmetic renovations in 1953 and in 2007. Current tenants include Shulsky Properties, the New York Institute of Art and Design, Mattress Firm, ZDG and more. Nearby transportation options include the 6 subway line at the corner of Park Avenue and 32nd Street, as well as the M101, M102 and M103 bus routes at the intersection of Lexington Avenue and East 31st Street.
- 275 Livingston St., Brooklyn
Sale Price: $14,800,000
Located in downtown Brooklyn, this property stands three stories on a 4,376-square-foot lot. Housing nine commercial units totaling 12,070 square feet, the building features both office and retail space. The asset is within close proximity to the 2/3 and 4/5 subway lines at the intersection of Flatbush Avenue and Livingston Street. Constructed in 1920, the property was last upgraded in 2005.
- 44 Hudson St., Manhattan
Sale Price: $14,000,000
Estimated to have been built in 1910, this building was last altered in 1997. The five-story property offers four commercial units, comprising 6,752 square feet of office, 3,897 square feet of residential and 2,251 square feet of retail space.