Top 5 Office Building Sales
- May 23, 2019
555 W. 25th St., Manhattan
Sale Price: $43,000,000
Western Management purchased this 41,787-square-foot office property in Chelsea from Mark D. Sonnino. The sale was subject to a $32 million loan held by Two Harbors Investment, according to Yardi Matrix. The six-story asset was built in 1891 and last underwent cosmetic renovations in 1985. The building features 8,650 square feet of retail and a 4,850-square-foot showroom.
- 17-20 Whitestone Expy, Queens
Sale Price: $24,000,000
Standing six stories on a 68,894-square-foot lot, the property was constructed in 1985. Featuring 10 commercial units totaling 62,545 square feet, the building situated in College Point is within close proximity to the Q20A and Q76 bus routes at the corner of 20th Avenue and Whitestone Expressway. The 7 subway line is located over a mile away at the intersection of Main Street and Roosevelt Avenue.
- 1623 Kings Highway, Brooklyn
Sale Price: $18,000,000
Housing five commercial units, this asset features 14,044 square feet of office and 3,681 square feet of retail space. The building, which is located in Midwood, offers convenient access to the B and Q subway lines at the corner of 15th Street and Kings Highway, as well as the B7 and B82 bus routes at the intersection of Kings Highway and East 16th Street. The four-story property is situated on a 3,774-square-foot lot. Estimated to have been built in 1925, the asset was last altered in 1985.
- 39-40 30th St., Queens
Sale Price: $15,200,000
Leased to Personal Communications Center (PCC), the Long Island City property features one commercial unit and one garage space totaling 10,000 square feet each. Situated on a 14,000-square-foot lot, the two-story property was built in 1946 and last altered in 2003. Nearby transportation options include the N/Q subway lines at the corner of 31st Street and 39th Avenue, as well as a bus route at the intersection of 31st Street and Northern Boulevard.
- 139-30 Queens Blvd., Queens
Sale Price: $14,600,000
This three-story property in Briarwood offers one commercial unit, divided into 35,285 square feet of office and 28,512 square feet of garage space. The asset is within walking distance from the E subway line at the intersection of the Van Wyck Expressway and Jamaica Avenue, as well as the Q20A and Q20B bus routes at the corner of Queens Boulevard and 87th Avenue, located a few steps away. Situated on a 45,600-square-foot lot, the building was constructed in 2002 and is leased to Melrose Credit union and Progressive Insurance.