{"id":1004137457,"date":"2016-02-18T11:55:47","date_gmt":"2016-02-18T19:55:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137457"},"modified":"2025-02-25T23:54:56","modified_gmt":"2025-02-26T07:54:56","slug":"mostly-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mostly-manhattan\/","title":{"rendered":"Mostly Manhattan"},"content":{"rendered":"<p>Here are NYC\u2019s top 10 commercial deals recorded in January 2016, a list dominated by both office and retail buildings in Manhattan:<\/p>\n<div id=\"attachment_1004139461\" style=\"width: 810px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004139461\" data-attachment-id=\"1004139461\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mostly-manhattan\/316_propertyshark1-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"316_PropertyShark1\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg?w=800\" class=\"size-full wp-image-1004139461\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg\" alt=\"Source: PropertyShark, a Yardi Systems Inc. company\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/316_PropertyShark1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004139461\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n<p>&nbsp;<\/p>\n<p><strong>#10 <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/1691\/329-331-Canal-St-New-York-NY-10013\/\" rel=\"nofollow\">329-331 Canal St<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price<\/strong>: $24,000,000<\/p>\n<p><strong>Buyer:<\/strong> 6 Greene Realty Owner, LLC<\/p>\n<p><strong>Seller:<\/strong> 6 Greene Street Associates, LLC<\/p>\n<p>This loft building located in SoHo\u2019s 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.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>#9 <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120994\/522-524-Fulton-St-Brooklyn-NY-11201\/\" rel=\"nofollow\">522-524 Fulton St<\/a>.<\/strong><strong> &amp; <\/strong><strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120992\/526-528-Fulton-St-Brooklyn-NY-11201\/\" rel=\"nofollow\">526-528 Fulton St<\/a>.<\/strong><strong>, Brooklyn<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $30,000,000<\/p>\n<p><strong>Buyer:<\/strong> CA 522 Fulton LLC, c\/o Crown Acquisitions Inc.<\/p>\n<p><strong>Seller:<\/strong> Bldg 522 Fulton LLC<\/p>\n<p>Crown Acquisitions paid a combined $30 million for the two commercial properties located in Downtown Brooklyn. The two buildings have a total square footage of more than 55,000 and both can be further developed.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>#8 <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/12715\/316-5-Ave-New-York-NY-10001\/\" rel=\"nofollow\">316 Fifth Ave<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $32,000,000<\/p>\n<p><strong>Buyer:<\/strong> 5<sup>th<\/sup> Ave Gateway Land, LLC<\/p>\n<p><strong>Seller:<\/strong>  Ob Realty LLC &amp; A And I Realty LLC &amp; Ls Owner LLC<\/p>\n<p>Located on Fifth Avenue in Koreatown, this 26-unit office building has a total square footage of close to 15,000. The property, also known as the Kaskel Building, offers both retail and office space.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#7<\/strong> <strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/1463\/123-127-Lafayette-St-New-York-NY-10013\/\" rel=\"nofollow\">123-127 Lafayette St<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $33,500,000<\/p>\n<p><strong>Buyer:<\/strong> 123 Lafayette LLC, C\/P First Atlantic Real Estate<\/p>\n<p><strong>Seller:<\/strong> 123 Lafayette Investor LLC &amp; Stellar 123 Lafayette LLC<\/p>\n<p>Purchased by the investment firm First Atlantic Real Estate, based in New York, the building is located in trending New York City neighborhood SoHo. Built around 1920, it has a total square footage of 16,380.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#6<\/strong> <strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/11553\/253-W-34-St-New-York-NY-10001\/\" rel=\"nofollow\">253 W. 34 St<\/a>.<\/strong><strong> &amp; <\/strong><strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/11554\/251-W-34-St-New-York-NY-10001\/\" rel=\"nofollow\">251 W. 34 St<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $40,750,000<\/p>\n<p><strong>Buyer:<\/strong> Jcmc West 34 Owner LLC<\/p>\n<p><strong>Seller:<\/strong> Cornell 251-253 LLC &amp; Jcmc 251-253 LLC<\/p>\n<p>Part of the Chetrit Group and Cornell Realty Management\u2019s assemblage at 34th Street, this deal included two mixed-use properties. Building permit activity recorded in February 2016 shows that scaffolding and sidewalk sheds are being installed at the site.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#5 <\/strong><strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/9599\/361-371-W-12-St-New-York-NY-10014\/\" rel=\"nofollow\">361-371 W. 12 St<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $71,000,000<\/p>\n<p><strong>Buyer:<\/strong> 771 Washington Street Investor LLC, C\/O Toms Capital LLC<\/p>\n<p><strong>Seller:<\/strong> Alan Washington LLC<\/p>\n<p>Currently recorded as Loft with Retail Stores, the property was previously bought by Alan Washington LLC for $28M in 2007.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#4<\/strong> <strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/7673\/50-W-13-St-New-York-NY-10011\/\" rel=\"nofollow\">50 W. 13 St<\/a>.<\/strong><strong> &amp; <\/strong><strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/7672\/54-W-13-St-New-York-NY-10011\/\" rel=\"nofollow\">54 W. 13 St<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $78,000,000<\/p>\n<p><strong>Buyer:<\/strong> Bridgeton West 13 Fee LLC<\/p>\n<p><strong>Seller:<\/strong> 52 West 13<sup>th<\/sup> P, LLC<\/p>\n<p>The Jade Hotel, located in Greenwich Village, was auctioned by its owners to settle a suit, as reported by the <a href=\"https:\/\/commercialobserver.com\/2015\/09\/gemini-real-estate-auctioning-properties-worth-200m-amid-suit\/\" rel=\"nofollow\">Commercial Observer<\/a>. Bridgeton Holdings is the new owner, having paid $78 million. Several other Manhattan hotels will be auctioned as part of this settlement.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#3 <\/strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/615432\/139-Spring-Street-New-York-NY-10012\/\" rel=\"nofollow\"><strong>139 Spring St., #1<\/strong><\/a><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $115,388,000<\/p>\n<p><strong>Buyer:<\/strong> Spring &amp; Wooster Retail, LLC, c\/o Invesco Advisers Inc.<\/p>\n<p><strong>Seller:<\/strong> Spring &amp; Wooster Company, LLC<\/p>\n<p>This retail condo unit sold for a record-breaking price and is currently home to Chanel on one of the most expensive retail corridors in Manhattan. Besides the retail unit that was purchased by Invesco Advisers Inc., the building also features nine residential units.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#2<\/strong> <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/5790\/490-Broadway-New-York-NY-10012\/\" rel=\"nofollow\"><strong>490 Broadway<\/strong><\/a><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $140,000,000<\/p>\n<p><strong>Buyer:<\/strong> Ponte Gadea New York, LLC<\/p>\n<p><strong>Seller:<\/strong> Broadway Landmark Corp.<\/p>\n<p>Another building in SoHo that made this list is 490 Broadway. It was built in 1857 and is known as the Haughwout Building. It is currently a New York City landmark. The new owner, Ponte Gadea, is a real estate investment firm owned by billionaire Amancio Ortega.<\/p>\n<p><strong> <\/strong><\/p>\n<p><strong>#1<\/strong> <strong><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/9948\/427-429-10-Ave-New-York-NY-10001\/\" rel=\"nofollow\">427-429 10 Ave<\/a>.<\/strong><strong>, Manhattan<\/strong><\/p>\n<p><strong>Sale price:<\/strong> $152,268,750<\/p>\n<p><strong>Buyer:<\/strong> 50 Hymc Owner LLC<\/p>\n<p><strong>Seller:<\/strong> McDonald\u2019s Corp.<\/p>\n<p>This diner sold for an impressive amount, since it was the last parcel needed by Related Cos. in order to build 50 Hudson Yards, an office tower that upon completion will rise to 62 stories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are NYC\u2019s top 10 commercial deals recorded in January 2016, a list dominated by both office and retail buildings in Manhattan: &nbsp; #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\u2019s Cast Iron Historic District offers 13,500&hellip;<\/p>\n","protected":false},"author":1269,"featured_media":1004139461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,1600,10,37789,37790],"tags":[],"class_list":["post-1004137457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-midatlantic","category-new-york","category-northeast","category-rc-office-nyc-spotlight","category-rc-retail-nyc-spotlight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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