Top 5 NYC Office Building Sales—November 2021

Source: PropertyShark, a Yardi Systems Inc. company

1. 2800 Bruckner Blvd., Bronx
   Sale Price: $6,350,000

A private investor sold the low-rise totaling 20,812 square feet in the Throggs Neck neighborhood. Castellan Capital facilitated the transaction by providing a $3.8 million acquisition financing package to the buyer. The multi-tenant property last traded in 2018, when the current seller paid $10 million for the three-story building. The 2004-built property is home to Arce Law Office PLLC, TWI Construction Corp. and PJP Installers Inc., among others.

2. 1636 E. 14th St., Brooklyn
   Sale Price: $3,800,000

Dime Community Bank provided a $2.9 million mortgage for the buyer, an entity affiliated with Idea Nuova Inc. The 13,920-square-foot building was originally developed in 1968 and underwent upgrades in 1991. The two-story property features 11 commercial units and last traded in 2016, when the current seller, a private investor, paid $4.8 million for the property.  

3. 6 W. 20th St., Manhattan
   Sale Price: $3,232,742

The mixed-use building in the Flatiron District encompasses a 20,450-square-foot residential space, along with an office space with the same footprint and retail space totaling 4,500 square feet. The 11-story property was built in 1910 and underwent alterations in 1988, a decade after the property last traded. The tenant roster includes Blankenhorn Photography, interior design firm Ikonni and NY Loft LLC, among others.

4. 313 W. 53rd St., Manhattan
   Sale Price: $3,200,000

The 3,225-square-foot property traded between private investors. The narrow, five-story building in Hell’s Kitchen, also known as Clinton, was completed in 1930 and underwent alterations in 1999, a year after the property last traded. The building includes two residential units spanning 1,600 square feet as well as a 1,625-squre-foot office space.

5. 431 Willoughby Ave., Brooklyn
   Sale Price: $2,150,000

431 Willoughby Ave., Brooklyn

An entity affiliated with B&B Global Development sold the 5,710-square-foot property in Bedford-Stuyvesant. Situated on a 1,475-square-foot lot, the four-story building came online in 2007 and encompasses four commercial units. The property is close to transportation options including, a bus stop and a bike sharing station steps away as well as the G subway line accessible at the NW corner of Marcy and Myrtle Avenues.