Top 5 NYC Office Building Sales—April 2022

Source: PropertyShark, a Yardi Systems Inc. company

1. 355 E. 149th St., Bronx
   Sale Price: $14,000,000

New City Realty Co. acquired Harvey Building, a four-story office building totaling 29,640 square feet in Melrose. A private investor sold the 1917-built property after a more than 20-year ownership. The building includes 6,300 square feet of retail space home to a clothing store and a restaurant. St. Mary’s Park and Hostos Community College are less than a mile away.

2. 88 N. First St., Brooklyn
   Sale Price: $11,000,000

B. Gans Management Inc. sold the 10,500-square-foot office property in Williamsburg. S3 Capital facilitated the sale with an $8.5 million acquisition loan. The new owner plans to develop an apartment building on the 9,175-square-foot site and has already filed a permit with the NYC Department of Buildings to demolish the existing single-story structure completed in the 1920s.

3. 567 Third Ave., Manhattan
   Sale Price: $6,800,000

A private investor sold the 9,300-square-foot mixed-use building in the Murray Hill neighborhood. Built in 1920, the five-story property includes office space encompassing 4,650 square feet, a retail segment totaling 3,100 square feet and a 1,550-square-foot storage space. The tenant roster includes Reel Media Productions Inc. and Chien’s Acupuncture and Wellness Center.

4. 12-15 Jackson Ave., Queens
   Sale Price: $4,500,000

12-15 Jackson Ave. Image via Google Street View

Jondom Inc. sold the three-story office building totaling 6,058 square feet in Hunters Point. East West Bank provided a $2.9 million acquisition loan for the buyer, a private investor. The low-rise includes a residential unit encompassing 1,514 square feet, a 3,030-square-foot office space and a factory space totaling 1,514 square feet. Completed in 1931, the property was renovated in 2011.

5. 45-28 21st St., Queens
   Sale Price: $4,240,000

A private investor sold the 4,500-square-foot building in Hunters Point. Signature Bank facilitated the transaction with a $7.1 million acquisition loan, that also encumbers an industrial building at 45-36 21st St. purchased simultaneously. The latter completes last month’s leading industrial transactions collected by PropertyShark.