Investment
Top 10 NYC Commercial Property Sales Recorded in March 2016
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…
Top 10 NYC Commercial Property Sales Recorded in February 2016
A round-up of last month’s top 10 commercial property sales in the Big Apple.
Condensed Cap Rates
National cap rate performance based on properties and portfolios of $2.5 million and greater
Mostly Manhattan
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…
A Tale of Two Boroughs
(top 10 commercial sales recorded in November 2015)
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