{"id":1004326421,"date":"2019-05-23T11:11:16","date_gmt":"2019-05-23T19:11:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004326421"},"modified":"2020-02-25T06:32:46","modified_gmt":"2020-02-25T14:32:46","slug":"top-5-office-building-sales-19","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-19\/","title":{"rendered":"Top 5 Office Building Sales"},"content":{"rendered":"<div id=\"attachment_1004325083\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004325083\" data-attachment-id=\"1004325083\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-19\/619_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png\" data-orig-size=\"800,270\" data-comments-opened=\"0\" 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;0&quot;}\" data-image-title=\"619_PS_office\" 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\/2019\/05\/619_PS_office.png?w=800\" class=\"size-full wp-image-1004325083\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png\" alt=\"\" width=\"800\" height=\"270\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png?resize=300,101 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/619_PS_office.png?resize=768,259 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004325083\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n<ol>\n<li>\n<div id=\"attachment_1004326760\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004326760\" data-attachment-id=\"1004326760\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-19\/555-w-25th-st-manhattan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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=\"555 W. 25th St., Manhattan\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg?w=800\" class=\"wp-image-1004326760 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/555-W.-25th-St.-Manhattan.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004326760\" class=\"wp-caption-text\">555 W. 25th St., Manhattan<\/p><\/div>\n<p><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=9852\" target=\"_blank\" rel=\"nofollow\"><strong>555 W. 25<sup>th<\/sup> St., Manhattan<\/strong><\/a><br \/>\nSale Price: $43,000,000<\/li>\n<\/ol>\n<p>Western Management purchased this 41,787-square-foot office property in Chelsea from Mark D. Sonnino. The sale was subject to a $32 million loan held by Two Harbors Investment, according to Yardi Matrix. The six-story asset was built in 1891 and last underwent cosmetic renovations in 1985. The building features 8,650 square feet of retail and a 4,850-square-foot showroom.<\/p>\n<ol start=\"2\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=457351\" target=\"_blank\" rel=\"nofollow\"><strong>17-20 Whitestone Expy, Queens<\/strong><\/a><br \/>\nSale Price: $24,000,000<\/li>\n<\/ol>\n<p>Standing six stories on a 68,894-square-foot lot, the property was constructed in 1985. Featuring 10 commercial units totaling 62,545 square feet, the building situated in College Point is within close proximity to the Q20A and Q76 bus routes at the corner of 20<sup>th<\/sup> Avenue and Whitestone Expressway. The 7 subway line is located over a mile away at the intersection of Main Street and Roosevelt Avenue.<\/p>\n<ol start=\"3\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=310567\" target=\"_blank\" rel=\"nofollow\"><strong>1623 Kings Highway, Brooklyn<\/strong><\/a><br \/>\nSale Price: $18,000,000<\/li>\n<\/ol>\n<p>Housing five commercial units, this asset features 14,044 square feet of office and 3,681 square feet of retail space. The building, which is located in Midwood, offers convenient access to the B and Q subway lines at the corner of 15<sup>th<\/sup> Street and Kings Highway, as well as the B7 and B82 bus routes at the intersection of Kings Highway and East 16<sup>th<\/sup> Street. The four-story property is situated on a 3,774-square-foot lot. Estimated to have been built in 1925, the asset was last altered in 1985.<\/p>\n<ol start=\"4\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=382654\" target=\"_blank\" rel=\"nofollow\"><strong>39-40 30<sup>th<\/sup> St., Queens<\/strong><\/a><br \/>\nSale Price: $15,200,000<\/li>\n<\/ol>\n<p>Leased to Personal Communications Center (PCC), the Long Island City property features one commercial unit and one garage space totaling 10,000 square feet each. Situated on a 14,000-square-foot lot, the two-story property was built in 1946 and last altered in 2003. Nearby transportation options include the N\/Q subway lines at the corner of 31<sup>st<\/sup> Street and 39<sup>th<\/sup> Avenue, as well as a bus route at the intersection of 31<sup>st<\/sup> Street and Northern Boulevard.<\/p>\n<ol start=\"5\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=973695\" target=\"_blank\" rel=\"nofollow\"><strong>139-30 Queens Blvd., Queens<\/strong><\/a><br \/>\nSale Price: $14,600,000<\/li>\n<\/ol>\n<p>This three-story property in Briarwood offers one commercial unit, divided into 35,285 square feet of office and 28,512 square feet of garage space. The asset is within walking distance from the E subway line at the intersection of the Van Wyck Expressway and Jamaica Avenue, as well as the Q20A and Q20B bus routes at the corner of Queens Boulevard and 87<sup>th<\/sup> Avenue, located a few steps away. Situated on a 45,600-square-foot lot, the building was constructed in 2002 and is leased to Melrose Credit union and Progressive Insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 5 biggest office property sales in New York City\u2019s five boroughs for April 2019, as recorded by PropertyShark.<\/p>\n","protected":false},"author":1312,"featured_media":1004326760,"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-1004326421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-rc-office-nyc-spotlight"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 5 Office Building Sales - 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