Top 5 Office Building Sales

PropertyShark compiled the top 5 sales in office recorded in August 2019 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 360 Lexington Ave., Manhattan

    360 Lexington Ave., Manhattan
    Sale Price: $180,000,000

Savanna purchased this 262,605-square-foot high-rise from AEW Capital Management. The sale was subject to a $110 million loan held by Barclays, according to Yardi Matrix. Initially constructed in 1959, the building was completed renovated in 2013 and includes 10,000 square feet of retail space. The 26-story property is LEED Gold certified and is located in the neighborhood of Murray Hill. Current tenants include American Airlines, CaringKind, Research to Prevent Blindness, MakiMaki and more. There are currently seven spaces still available for lease, totaling 54,853 square feet.

  1. 2357 60th St., Brooklyn
    Sale Price: $17,549,125

Housing two commercial units, this property is located in Borough Park and features 21,516 square feet of office and 4,056 square feet of retail space. Situated in a 9,650-square-foot lot, the asset is closest to the F subway line at the intersection of McDonald Avenue and Avenue N, as well as the B9 bus route at the corner of 60th Street and McDonald Avenue.

  1. 3 E. 44th St., Manhattan
    Sale Price: $15,300,000

This six-story building features four commercial units totaling 9,246 square feet of office and 5,200 square feet of retail space. Nearby transportation options include the 4, 5, 6, and 7 subway lines at the corner of Madison Avenue and 42nd Street, or the M4 bus route at the intersection of Fifth Avenue and 45th Street. Located in Central Midtown, the 1940-built asset is leased by Azusa of Japan restaurant, Rehab World Physical Rehab, Sakura Shoji gift shop and The White Gown bridal boutique.

  1. 1071 Avenue of the Americas
    Sale Price: $10,100,000

Located within the Theater District of Time Square, this 12-story building was developed in 1919 and last upgraded in 2001. The asset is within close proximity to Bryant Park and offers convenient access to the B/D/F/M and 7 subway lines or the M5 bus route at the corner of 6th Avenue and 40th Street. Offering 28 commercial units, the square footage is broken up into 146,648 square feet of office, 27,180 square feet of retail and 200 square feet of storage space. Current tenants include Pret A Manger and TKO Evolution, among others.

  1. 1041-1045 Flatbush Ave., Brooklyn
    Sale Price: $8,800,000

Built in 1926, this property in Flatbush stands two stories. Last updated in 1965, the building comprises 14,900 square feet, leased to Sterling National Bank. Nearby transportation options include the B and Q subway lines at the corner of Marlborough and Beverly Roads, as well as the B41 bus route at the intersection of Flatbush Avenue and Beverly Road.