{"id":1004518474,"date":"2021-03-26T06:38:50","date_gmt":"2021-03-26T14:38:50","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004518474"},"modified":"2021-05-15T10:19:51","modified_gmt":"2021-05-15T18:19:51","slug":"top-5-office-building-sales-february-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-february-2021\/","title":{"rendered":"Top 5 Office Building Sales\u2014February 2021"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 500 W. 57th St., Manhattan<\/a>
    \nSale Price: $26,750,000<\/li>\n<\/ol>\n
    \"\"<\/a>

    500 W. 57th St., Manhattan<\/p><\/div>\n

    Extell Development sold the 24,000-square-foot Hell\u2019s Kitchen asset to CBS Broadcasting. The seven-story building previously changed hands in 2017 when Extell paid $19 million for the brick-fa\u00e7ade property. The newly acquired lot brings CBS\u2019 massive Hell\u2019s Kitchen campus to 1 million square feet, The Real Deal<\/em> reported. The 1913-built structure previously served as the home of Addiction Care Interventions Chemical Dependency Treatment Centers.<\/p>\n

      \n
    1. 132 E. 70th St., Manhattan<\/a>
      \nSale Price: $7,250,000<\/li>\n<\/ol>\n

      The five-story townhouse encompasses more than 7,200 square feet and includes an additional 10,000 buildable square footage, subject to requirements allowable in a Landmark District. Built in 1914 by architect Herbert M. Baer, the building was constructed for Julius Goldman, a prominent lawyer and son of Marcus Goldman, founder of Goldman Sachs. The first two floors of the asset are commercially zoned. Amenities include an elevator, a courtyard\/garden area, double-gated entrance, a terrace on the fifth floor and storage space in the cellar.<\/p>\n

        \n
      1. 11-03 45th Ave., Queens<\/a>
        \nSale Price: $5,238,500<\/li>\n<\/ol>\n

        Owned by a partnership between a private investor and an entity affiliated with Century Development Group, the three-story property located in Hunters Point was originally built in 1959 as an industrial structure. Situated between 44th Drive and 45th Avenue, the building once served as a facility where Dannon yogurt container tops were made and was later used by a jewelry manufacturer. In 2001, the building underwent was repurposed for office use and is now leased to tenants including Dorsky Gallery Curatorial Programs and Design Development NYC.<\/p>\n

          \n
        1. 1010 Gates Ave., Brooklyn<\/a>
          \nSale Price: $2,970,000<\/li>\n<\/ol>\n

          The 8,400-square-foot Bedford-Stuyvesant property changed hands in early February. The two-story building includes one 5,300-square-foot commercial unit and 3,100 storage space. Once the home of the Neighborhood Housing Services of Bedford-Stuyvesant, the property previously changed hands for $2.5 million in 2019. Prior to that, in 2015, the not-for-profit organization revealed plans to add five stories of affordable apartments to the two-story structure, which eventually didn\u2019t materialize.<\/p>\n

            \n
          1. 55-28 Main St., Queens<\/a>
            \nSale Price: $2,200,000<\/li>\n<\/ol>\n

            The 3,350-square-foot Flushing building sold along with the adjacent, 3,036-square-foot property located at 55-26 Main St.<\/a> The seller provided $1.4 million in acquisition financing to facilitate the deal. The portfolio previously changed hands in 1996. The first property, a three-story building featuring three commercial units, was developed in 1961. The second property is also a three-story building\u2014developed in 1950, the structure includes two residential units totaling 2,004 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the top office building sales recorded last month in New York City.<\/p>\n","protected":false},"author":1269,"featured_media":1004528759,"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-1004518474","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\u2014February 2021 - 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-february-2021\/\" \/>\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\u2014February 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the top office building sales recorded last month in New York City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-february-2021\/\" \/>\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=\"2021-03-26T14:38:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:19:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/421_PS_office.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-february-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-office-building-sales-february-2021\/\",\"name\":\"Top 5 Office Building Sales\u2014February 2021 - 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