Top 5 NYC Office Building Sales—December 2022
PropertyShark compiled the city's top deals of the month for the sector.
Source: PropertyShark, a Yardi Systems Inc. company
Sale Price: $7,225,000
A private investor acquired the 1920-built office building totaling 9,020 square feet in Central Midtown. The new owner financed the purchase with the help of a 10-year, $3.7 million mortgage originated by Dime Community Bank as well as a $3 million mortgage funded by Empire State Certified Development Corp. Both loans are secured through the U.S. Small Business Administration’s 504 program.
Sale Price: $3,000,000
A private investor purchased the 7,500-square-foot property encompassing three commercial units in Downtown Flushing. As part of the transaction, the buyer also assumed a $1.2 million loan originated by East West Bank in June, which was reduced to $920,000. The 2004-built, three-story building last traded in mid-2015 for $2.2 million, after nearly a decade, when it fetched $1.6 million in March 2006.
Sale Price: $2,028,000
After decades of ownership a private investor sold the 3,625-square-foot building in Dyker Heights. East West Bank facilitated the sale with a nearly $3 million acquisition loan, which also aided the purchase of the adjacent 6823 Eighth Ave. totaling 3,400 square feet. The narrow, two-story property was completed in 1920, last altered in 1996 and also includes 2 residential units totaling 1,417 square feet.
Sale Price: $2,000,000
A private investor acquired the remaining ownership stake in the three-story building totaling 8,995 square feet in Hunters Point. The new owner initially purchased a 50 percent interest stake in the mixed-use property in early 2018 for approximately $1.7 million. Completed in 1920, the structure includes 5,997 square feet of office space as well as 2,998 square feet of retail space.
Sale Price: $1,800,000
Hackman Capital Partners purchased the 3,300-square-foot property in Sunnyside. Built in 1931, the structure is home to VIP Connection Inc., a limousine and car service provider. The two-story building is easily accessible, with the 7 subway line at the corner of 21st Street and 49th Avenue as well as the B24 bus line at the intersection of Van Dam Street and Review Avenue.
You must be logged in to post a comment.