Top 5 Office Building Sales

PropertyShark compiled the top 5 sales in office recorded in March 2018 in New York City.
Source: PropertyShark, a Yardi Systems Inc. company
  1. 75 Ninth St., Manhattan
    Chelsea Market, 75 Ninth St., Manhattan

    Sale Price: $2,397,501,899

Situated on part of The High Line, the eight-story property dubbed Chelsea Market was purchased by Google. Comprising more than 1.1 million square feet, the market offers 62 commercial units, split up between 986,862 square feet of office and 113,671 square feet of retail space. Built in 1905 and last renovated in 2014, the property is a block long and a block wide, housing more than 35 vendors. The A/C/E/L subway lines are all located near the market at the corner of Eighth Avenue and 15th Street. Tenants include Anthropologie, Amy’s Bread, Beyond Sushi, Bowery Kitchen, Cork Buzz, Doughnuttery and Mokbar.

  1. 306 E. 61st St., Manhattan
    Sale Price: $47,000,000

Dubbed The Interior Design Building, this 81-square-foot property features seven floors. Built in 1901, the asset underwent cosmetic renovations in 2013. JMC Holdings purchased the building from New York REIT in a transaction subject to a $51 million loan held by Square Mile Capital Management, according to Yardi Matrix. The asset is home to tenants such as Lee Calicchio, Newel, Balsamo, Appel Niall Smith Antiques and Lucca & Co.

  1. 2651 E. 14th St., Brooklyn
    Sale Price: $5,500,000

Home to the New York Artificial Kidney Center, this property offers 8,200 square feet. Constructed in 1927, the building was last altered in 1984. Situated on a 9,797-square-foot lot in Sheepshead Bay, the two-story asset is within close proximity to the B/Q subway lines and the B4/B49 bus routes, both at Voorhies Avenue and East 14th Street.

  1. 137 Fifth Ave. #8, Manhattan
    Sale Price: $3,320,000

Purchased by Fawn Realty, the 12-story property features 12 commercial units. Comprising 35,650 square feet of office and 3,000 square feet of retail, the 1902-built asset sits on a 3,265-square-foot lot. Located in the Flatiron District’s Ladies’ Mile Historic District, the building was last altered in 1989 and is within close proximity to the N/R subway lines and the M1-M3 and M55 bus routes.

  1. 4512 Farragut Road, Brooklyn
    Sale Price: $600,000

This one-story office building in East Flatbush was constructed in 1931 and last renovated in 2011. Featuring 10,940 square feet, the property is situated on an 11,000-square-foot lot and is home to Platinum HR Management.