Regions
Top 10 NYC Commercial Property Sales Recorded in April 2016
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….
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RER Sentiment Index: CRE Industry Still Looks Good—For Now
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