Multifamily (NYC Spotlight)

The data is in and we’ve compiled the list of the priciest commercial property deals recorded in New York City in June. Keep reading to find out which borough claimed all ten spots and which property types were most popular.   1. 235-243 West Street, Manhattan Sales Price: $1,767,913,114 Located by Pier 26 in ultra-prime Tribeca, this NYC office building is surrounded by incredible restaurants. The property contains 4 commercial units on a 90,004 sq. ft. lot. 2. 550 Madison Avenue, Manhattan Sales Price: $1,400,000,000 This 37-story tower was previously known as the Sony Tower and AT&T Tower. The sellers,…

The stats are in, and the latest PropertyShark data shows which New York City properties recorded in May clocked in the top ranking sale prices. Keep reading and discover which borough dominated, which made a surprise run for the top, which property types are the hottest now, and who the big deal makers are.   1. 1285 Avenue of the Americas, Manhattan Sales Price: $1,649,000,000 Buyer: RXR 1285 Owner LLC Seller: 1285 LLC This is another monumental deal closed by RXR. The new owner inherits the UBS as a tenant for 900,000 square feet of this building. Originally designed by…

While no multi-billion dollar commercial property deals were recorded in April 2016, the data shows NYC real estate going strong. Savvy investors and developers are continuing to buy, and find substantial financing. Most notable this month was the almost exclusive domination by office properties, with lots of action in FiDi and Midtown.   1. 850 3rd Avenue, Manhattan Sale Price: $463,000,000 Buyer: 850 Third Avenue Holding LLC Seller: Sri Nine 850 LLC A collaboration between MHP Real Estate Services and HNA acquired this notable 21-story, wedding cake shaped office building. Tenants reportedly include Chase Bank, NYPD, and FDNY.   2….

Check out the ten most expensive commercial real estate deals recorded in NYC! The March 2016 data shows a substantial demand for development sites and mixed-use buildings.   1. 163 Front Street, Manhattan & 80-83 South Street, Manhattan Sale Price: $390,000,000 Buyer: Oceanwide Center NY LLC Seller: 80 South, LLC This two-building deal encompasses 163 Front Street and 80-83 South Street in Manhattan’s Financial District. YIMBY reports the newest flip of this development site property as a package deal with 820,000 square feet. The seller, Howard Hughes Corp., bought the South Street site for $100M in 2014. A plan for…

A round-up of last month’s top 10 commercial property sales in the Big Apple.

Here are NYC’s top 10 commercial deals recorded in January 2016, a list dominated by both office and retail buildings in Manhattan:   #10 329-331 Canal St., Manhattan Sale price: $24,000,000 Buyer: 6 Greene Realty Owner, LLC Seller: 6 Greene Street Associates, LLC This loft building located in SoHo’s Cast Iron Historic District offers 13,500 office square footage. It was acquired by 6 Greene Street Associates LLC in 1995 for an undisclosed price.   #9 522-524 Fulton St. & 526-528 Fulton St., Brooklyn Sale price: $30,000,000 Buyer: CA 522 Fulton LLC, c/o Crown Acquisitions Inc. Seller: Bldg 522 Fulton LLC…