{"id":1004264924,"date":"2018-09-13T11:26:14","date_gmt":"2018-09-13T19:26:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004264924"},"modified":"2020-02-28T00:50:17","modified_gmt":"2020-02-28T08:50:17","slug":"top-5-office-building-sales-11","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-11\/","title":{"rendered":"Top 5 Office Building Sales"},"content":{"rendered":"
\"\"<\/a>

Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n

    \n
  1. 536 W. 26th<\/sup> St., Manhattan<\/strong><\/a>\n
    \"\"<\/a>

    536 W. 26th St., Manhattan<\/p><\/div>\n

    Sale Price: $257,000,000<\/li>\n<\/ol>\n

    Offering three commercial units totaling 126,707 square feet, this property is located in Chelsea, with access to the 7 subway line at the intersection of Hudson Boulevard East between 33rd<\/sup> and 34th<\/sup> Streets, as well as the M12 bus at the corner of 11th<\/sup> Avenue and West 26th<\/sup> Street. The asset features 52,926 square feet of office, 12,000 square feet of retail, and 61,781 square feet of alternative space.<\/p>\n

      \n
    1. 82-11, 82-13 37th<\/sup> Ave., Queens<\/strong><\/a>
      \nSale Price: $55,900,000<\/li>\n<\/ol>\n

      Standing nine stories on a 10,000-aquare-foot lot, this property was built in 1938 and last altered in 1992. Located in the neighborhood of Jackson Heights, the asset is just 0.2 miles away from the 7 subway line at the corner of 82nd<\/sup> Street and Roosevelt Avenue. The building comprises 17 commercial units, featuring 27,306 square feet of office, 7,982 square feet of retail and 20,492 square feet of garage space.<\/p>\n

        \n
      1. 10-12 E. 33rd<\/sup> St., Manhattan<\/strong><\/a>
        \nSale Price: $46,284,125<\/li>\n<\/ol>\n

        Purchased by Marcus Partners from Dalan Management, the building comprises 26,967 square feet across 12 stories. Built in 1910, the property is located in Manhattan\u2019s Gramercy Park neighborhood, located within a quarter mile of two subway stations. The asset last underwent renovations in 2011 and 2016, and includes 2,000 square feet of ground level retail. According to Yardi Matrix, this sale was part of a portfolio transaction that also included 10 E. 33rd<\/sup> St., which totals 29,757 square feet of office and retail space. The sale was funded by a $35 million loan held by M&T Bank.<\/p>\n

          \n
        1. 770 Madison Ave., Manhattan<\/strong><\/a>
          \nSale Price: $31,000,000<\/li>\n<\/ol>\n

          This five-story property is located on a 1,634-square-foot lot in Lenox Hill. The building features 3,981 square feet of office and 2,858 square feet of retail space across seven commercial units. Last altered in 1988, the asset is located within close proximity to the 6 subway line at the corner of Lexington Avenue and 68th<\/sup> Street.<\/p>\n

            \n
          1. 29-31 Leonard St., 198 W. Broadway, Manhattan<\/strong><\/a>
            \n<\/strong>Sale Price: $24,500,000<\/li>\n<\/ol>\n

             Estimated to have been built in 1915, this one-story office property features 800 square feet. Located in the neighborhood of TriBeCa, the asset is situated within close proximity to the 1 subway line at the corner of Varick and Franklin Streets. The building is home to Transit Trading Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the top 5 sales in office recorded in August 2018 in New York City.<\/p>\n","protected":false},"author":1312,"featured_media":1004290190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,10,37789],"tags":[],"class_list":["post-1004264924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-rc-office-nyc-spotlight"],"acf":[],"yoast_head":"\nTop 5 Office Building Sales - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 Office Building Sales\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the top 5 sales in office recorded in August 2018 in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-11\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-13T19:26:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-28T08:50:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/536-W.-26th-St.-Manhattan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/\"},\"author\":{\"name\":\"the Editorial Staff of CPE\\\/MHN\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c3141425d7080d1ea3fd5b8beb15aecb\"},\"headline\":\"Top 5 Office Building Sales\",\"datePublished\":\"2018-09-13T19:26:14+00:00\",\"dateModified\":\"2020-02-28T08:50:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/\"},\"wordCount\":378,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/09\\\/536-W.-26th-St.-Manhattan.jpg\",\"articleSection\":[\"New York\",\"Northeast\",\"Office (NYC Spotlight)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-11\\\/\",\"name\":\"Top 5 Office Building Sales - 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