{"id":1004548768,"date":"2021-08-27T07:47:50","date_gmt":"2021-08-27T15:47:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004548768"},"modified":"2022-12-08T12:38:12","modified_gmt":"2022-12-08T20:38:12","slug":"top-5-nyc-office-building-sales-august-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014July 2021"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 576 Fifth Ave., Manhattan<\/a>
    \nSale Price: $101,000,000<\/li>\n<\/ol>\n
    \"\"<\/a>

    576 Fifth Ave., Manhattan<\/p><\/div>\n

    Severn Realty Partners sold the nearly 80,000-square-foot building to SJD, an entity that secured $60 million in acquisition financing through KEB Hana Bank. The seller had held the 11-story mixed-use property for more than four decades. The Midtown asset had been listed for $113 million last October. Built in 1907, the building includes 8,500 square feet of first- and second-floor retail space.<\/p>\n

      \n
    1. 461 Fifth Ave., Manhattan<\/a>
      \nSale Price: $28,353,439<\/li>\n<\/ol>\n

      An affiliate of Karp Family Associates sold the fee interest of the 201,000-square-foot building to SL Green. The developer acquired the leasehold interest for the 28-story property in 2003 for $62.3 million and has held the contractual option to purchase the land of the asset as well. SL Green exercised its option earlier this year in April. The 1988-built Murray Hill building is LEED Gold certified and underwent upgrades in 2014.<\/p>\n

        \n
      1. 98-60 Queens Blvd., Queens<\/a>
        \nSale Price: $10,950,000<\/li>\n<\/ol>\n

        The 15,500-square-foot Rego Park funeral home changed hands in early July with help from a $7.5 million acquisition loan. Known as Parkside Memorial Chapels, the property was completed in 1961 and is known for its exterior star-patterned walls. The building is listed in the American Institute of Architects Guide To New York City. Parkside merged with Schwartz Brothers funeral home last year and relocated to 114-03 Queens Blvd.<\/p>\n

          \n
        1. 1414 65th St., Brooklyn<\/a>
          \nSale Price: $3,200,000<\/li>\n<\/ol>\n

          L.P.H. Realty Corp. sold the 7,300-square-foot commercial property to a private investor, who secured a $2.7 million loan with JP Morgan Chase Bank to finance the acquisition. The two-story Bensonhurst asset last changed hands in 1974. Nearby transportation options include the D\/N subway lines accessible at the SE corner of New Utrecht Avenue and 62nd Street, as well as the B64 bus line at the intersection of Bay Ridge and 13th avenues.<\/p>\n

            \n
          1. 2546 E. 17th St., Brooklyn<\/a>
            \nSale Price: $3,075,000<\/li>\n<\/ol>\n

            The nearly 6,500-square-foot Sheepshead Bay property changed hands with help from a $1.8 million acquisition loan originated by Webster Bank. The long-term mortgage is scheduled to mature in 2031 and carries a 6.75 percent interest rate. The three-story building came online in 2010 and previously traded for $2.7 million in 2019. The B\/Q subway lines accessible at the SE corner of 15th Street and Sheepshead Bay Road are among nearby transportation options.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the metro’s top deals of the month for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004548908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,10,21747,37789],"tags":[],"class_list":["post-1004548768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","category-office","category-rc-office-nyc-spotlight"],"acf":[],"yoast_head":"\nTop 5 NYC Office Building Sales\u2014July 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-august-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\u2014July 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the metro's top deals of the month for the sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-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=\"2021-08-27T15:47:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:38:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Top 5 NYC Office Building Sales\u2014July 2021\",\"datePublished\":\"2021-08-27T15:47:50+00:00\",\"dateModified\":\"2022-12-08T20:38:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/\"},\"wordCount\":389,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/08\\\/576-Fifth-Ave.-office.jpg\",\"articleSection\":[\"New York\",\"Northeast\",\"Office\",\"Office (NYC Spotlight)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014July 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-august-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/08\\\/576-Fifth-Ave.-office.jpg\",\"datePublished\":\"2021-08-27T15:47:50+00:00\",\"dateModified\":\"2022-12-08T20:38:12+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-august-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/08\\\/576-Fifth-Ave.-office.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/08\\\/576-Fifth-Ave.-office.jpg\",\"width\":800,\"height\":620,\"caption\":\"576 Fifth Ave.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-august-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\u2014July 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:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"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\u2014July 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-august-2021\/","og_locale":"en_US","og_type":"article","og_title":"Top 5 NYC Office Building Sales\u2014July 2021","og_description":"PropertyShark compiled the metro's top deals of the month for the sector.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-08-27T15:47:50+00:00","article_modified_time":"2022-12-08T20:38:12+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-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":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/"},"author":{"name":"the Editors of Commercial Property Executive","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"headline":"Top 5 NYC Office Building Sales\u2014July 2021","datePublished":"2021-08-27T15:47:50+00:00","dateModified":"2022-12-08T20:38:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/"},"wordCount":389,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-office.jpg","articleSection":["New York","Northeast","Office","Office (NYC Spotlight)"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/","url":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/","name":"Top 5 NYC Office Building Sales\u2014July 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-august-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-office.jpg","datePublished":"2021-08-27T15:47:50+00:00","dateModified":"2022-12-08T20:38:12+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-august-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-2021\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-office.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/576-Fifth-Ave.-office.jpg","width":800,"height":620,"caption":"576 Fifth Ave."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-august-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\u2014July 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:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","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\/08\/576-Fifth-Ave.-office.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004548768","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=1004548768"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004548768\/revisions"}],"predecessor-version":[{"id":1004551794,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004548768\/revisions\/1004551794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004548908"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004548768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004548768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004548768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}