Top 5 Office Building Sales

PropertyShark compiled the top 5 sales in office for November 2017 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
Source: PropertyShark, a Yardi Systems Inc. company
  1. 229 W. 36th St., Manhattan

    229 W. 36th St., Manhattan
    Sale Price: $156,800,000

Sold in conjunction with 256 W. 38th St., this 12-story building encompasses 149,883 square feet. According to Yardi Matrix, Investcorp purchased the 1921-built property from New York REIT. The sale was funded by a $92 million loan held by Metropolitan Life Insurance Co. The asset was completely renovated in 2008 and features common area Wi-Fi, above standard ceiling heights and five passenger elevators. Major tenants of the fully leased building include Nordstrom, Allied Universal, XPO Logistics and Record Press.

  1. 48 E. 69th St., Manhattan
    Sale Price: $52,000,000

Located in the Lenox Hill neighborhood of the Upper East Side Historic District, the 1926-built property encompasses 20,027 square feet of space across six stories. The 6 subway line is located nearby, and the property has easy access to the M66 bus route at East 68th Street/Madison Avenue.

  1. 64 Wooster St., Manhattan
    Sale Price: $9,300,000

Located in the heart of SoHo, this eight-floor property was originally built in 1900 and last altered in 2010, when it was renovated and made fully handicap accessible, with the inclusion of an elevator. The entire infrastructure, including the HVAC system, has also been updated. Offering 48,754 square feet, the office asset sits on a 6,517-square-foot lot in the SoHo-Cast Iron Historical District. The property is within close proximity to the C/E subway lines and M55 bus route.

  1. 67-10 Myrtle Ave., Queens
    Sale Price: $3,500,000

Featuring two commercial units comprising 11,900 square feet of office space and 1,200 square feet of retail space, this two-story property is located in the neighborhood of Glendale. Built in 1962, the asset is located close to the Q55 bus route and is roughly half a mile from the M subway line. The basement also offers an extra 5,000 square feet of space available for use.

  1. 170-13 Hillside Ave., Queens
    Sale Price: $1,960,000

Totaling 2,867 square feet of space, this two-story property is located in the neighborhood of Jamaica and is home to United Medical Center. The 1932-built asset was last altered in 2003 and offers immediate access to the F subway line and Q1-3/Q17/Q36/Q43 and Q76-77 bus lines.