{"id":1004545220,"date":"2021-07-26T01:21:00","date_gmt":"2021-07-26T09:21:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004545220"},"modified":"2022-12-09T02:44:45","modified_gmt":"2022-12-09T10:44:45","slug":"top-5-nyc-office-building-sales-june-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014June 2021"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 524 Broadway, Manhattan<\/a>
    \nSale Price: $235,750,000<\/li>\n<\/ol>\n
    \"\"<\/a>

    524 Broadway, Manhattan<\/p><\/div>\n

    Northwood Investors acquired the 144,000-square-foot mixed-use SoHo building from Tahl Propp Equities. The acquisition was part of a $323.5 million portfolio deal that also included the adjacent, 66,000-square-foot mixed-use building at 520 Broadway<\/a>. Ares Commercial Real Estate provided $227 million in acquisition financing. The 520 Broadway building was built in 1900, while the 524 Broadway property was completed in 1902.<\/p>\n

      \n
    1. 111 Wall St., Manhattan<\/a>
      \nSale Price: $220,000,000<\/li>\n<\/ol>\n

      Nightingale Properties and Wafra Capital Partners acquired the building\u2019s fee interest from Omnispective Management. The partnership secured a $500 million financing package, which will be used to redevelop the 24-story office building. The lender group included SKW Funding, PIMCO, Oaktree Capital and Bain Capital. Nightingale and Wafra purchased the leasehold interest in the 1.1 million-square-foot office building last year for $175 million.<\/p>\n

        \n
      1. 641 Ave. of the Americas, Manhattan<\/a>
        \nSale Price: $203,775,000<\/li>\n<\/ol>\n

        SL Green sold the Midtown asset to Speer Street Capital in a $325 million portfolio deal that included the adjacent building at 635-639 Ave. of the Americas<\/a>. The eight-story office property totals 267,000 square feet and includes 36,000 square feet of retail space. Completed in 1902, the property underwent a comprehensive renovation in 2015, which consisted of upgraded elevators, a new lobby and a rooftop with outdoor event space. The largest tenant is software company Infor.<\/p>\n

          \n
        1. 909 Third Ave., Manhattan<\/a>
          \nSale Price: $191,670,794<\/li>\n<\/ol>\n

          601W Cos. sold the building\u2019s fee interest to an entity affiliated with Colonnade Management. Vornado Realty Trust has owned the leasehold interest in the 1.3 million-square-foot property since 1999. Completed in 1967, the 32-story tower is LEED Silver certified and includes first-floor retail space. Vornado has invested in improvements valued at $187 million. The office building is atop a 490,000-square-foot warehouse, which serves as the U.S. Postal Service\u2019s primary handling facility in New York.<\/p>\n

            \n
          1. 323 Hudson St., Manhattan<\/a>
            \nSale Price: $134,142,403<\/li>\n<\/ol>\n

            Jamestown Properties sold the 240,000-square-foot property to San Francisco-based DivcoWest. United Overseas Bank provided a $112.2 million financing package that funded the acquisition and includes a $5.7 million project loan. The $106.5 million acquisition loan carries a 5.4 percent interest rate and a 2031 maturity date, while the subordinate mortgage carries a 6.5 percent interest rate and is scheduled to mature in 2026. Jamestown had owned the 10-story asset since 2012.<\/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":1004545620,"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],"tags":[],"class_list":["post-1004545220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast"],"acf":[],"yoast_head":"\nTop 5 NYC Office Building Sales\u2014June 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-nyc-office-building-sales-june-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 NYC Office Building Sales\u2014June 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-nyc-office-building-sales-june-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=\"2021-07-26T09:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:44:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.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 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-nyc-office-building-sales-june-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014June 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg\",\"datePublished\":\"2021-07-26T09:21:00+00:00\",\"dateModified\":\"2022-12-09T10:44:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg\",\"width\":800,\"height\":620,\"caption\":\"524 Broadway - office\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 5 NYC Office Building Sales\u2014June 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 5 NYC Office Building Sales\u2014June 2021 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/","og_locale":"en_US","og_type":"article","og_title":"Top 5 NYC Office Building Sales\u2014June 2021","og_description":"PropertyShark compiled the top office building sales recorded last month in New York City.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-07-26T09:21:00+00:00","article_modified_time":"2022-12-09T10:44:45+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg","type":"image\/jpeg"}],"author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/","url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/","name":"Top 5 NYC Office Building Sales\u2014June 2021 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg","datePublished":"2021-07-26T09:21:00+00:00","dateModified":"2022-12-09T10:44:45+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg","width":800,"height":620,"caption":"524 Broadway - office"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-june-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top 5 NYC Office Building Sales\u2014June 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/528-Broadway-office.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004545220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1269"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004545220"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004545220\/revisions"}],"predecessor-version":[{"id":1004548770,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004545220\/revisions\/1004548770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004545620"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004545220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004545220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004545220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}