{"id":1004286302,"date":"2018-12-14T12:56:45","date_gmt":"2018-12-14T20:56:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004286302"},"modified":"2020-02-25T06:35:24","modified_gmt":"2020-02-25T14:35:24","slug":"top-5-office-building-sales-14","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-14\/","title":{"rendered":"Top 5 Office Building Sales"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 425 Lexington Ave., Manhattan<\/strong><\/a>\n
    \"\"<\/a>

    425 Lexington Ave., Manhattan<\/p><\/div>\n

    Sale Price: $701,000,000<\/li>\n<\/ol>\n

    The Vanbarton Group purchased this property from J.P. Morgan Asset Management, assuming the outstanding balance of a $214.4 million loan held by New York Life Insurance Co., according to Yardi Matrix. Built in 1987, the asset comprises 700,034 square feet across 31 stories, which includes 13,400 square feet of ground floor retail. The building is LEED Silver certified and is home to tenants such as LensCrafters, Market Caf\u00e9, Bank of America, Starbucks, Pret A Manger, Holwell Suster & Goldberg and CIBC. According to Yardi Matrix, there are still two suites available for lease on the 10th<\/sup> and 11th<\/sup> floors, totaling 39,836 square feet.<\/p>\n

      \n
    1. 27 W. 47th<\/sup> St., Manhattan<\/strong><\/a>
      \nSale Price: $40,000,000<\/li>\n<\/ol>\n

      Totaling 33,837 square feet, this four-story building was constructed in 1924 and last upgraded in 1980. Purchased by Extell Development, the firm filed demolition plans for this property along with a two-story retail structure directly in front of it. Nearby transportation includes the B\/D\/F\/M subway lines at the corner of Sixth Avenue and West 48th<\/sup> Street, as well as the X1, X7 and X9 bus routes at the intersection of Fifth Avenue and West 48th<\/sup> Street. The asset features 61 commercial units distributed among both office and retail space.<\/p>\n

        \n
      1. 47-01 Vernon Blvd., Queens<\/strong><\/a>
        \nSale Price: $6,050,000<\/li>\n<\/ol>\n

        This one-story property offers 2,000 square feet of office space in the neighborhood of Hunters Point. Within close proximity to the 7 subway line at the corner of Vernon Boulevard and 50th<\/sup> Avenue, the building was constructed in 1950 on a 5,000-square-foot lot.<\/p>\n

          \n
        1. 45-29 47th<\/sup> St., Queens<\/strong><\/a>
          \nSale Price: $2,400,000<\/li>\n<\/ol>\n

          Built in 1925, this two-story converted house structure features three commercial units totaling 2,520 square feet. Located in Sunnyside on a 3,800-square-foot lot, the asset is close to the 7 subway line at the corner of 47th<\/sup> Street and Queens Boulevard.<\/p>\n

            \n
          1. 5520 Glenwood Road, Brooklyn<\/strong><\/a>
            \n<\/strong>Sale Price: $1,350,000<\/li>\n<\/ol>\n

            Home to the dentist office of Harold D. Weiss D.D.S, P.C., this one-story property comprises six commercial units totaling 6,460 square feet. Situated in East Flatbush on an 18,534-square-foot lot, the building was constructed in 1960 after previously being used as a parking lot.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the top 5 sales in office recorded in November 2018 in New York City.<\/p>\n","protected":false},"author":1312,"featured_media":1004293724,"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-1004286302","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-14\/\" \/>\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 November 2018 in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-14\/\" \/>\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=\"2018-12-14T20:56:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-25T14:35:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/425-Lexington-Ave.-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-14\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-14\\\/\"},\"author\":{\"name\":\"the Editorial Staff of CPE\\\/MHN\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c3141425d7080d1ea3fd5b8beb15aecb\"},\"headline\":\"Top 5 Office Building Sales\",\"datePublished\":\"2018-12-14T20:56:45+00:00\",\"dateModified\":\"2020-02-25T14:35:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-14\\\/\"},\"wordCount\":365,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-14\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/12\\\/425-Lexington-Ave.-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-14\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-office-building-sales-14\\\/\",\"name\":\"Top 5 Office Building Sales - 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