{"id":1004558389,"date":"2021-11-22T02:10:00","date_gmt":"2021-11-22T10:10:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004558389"},"modified":"2022-12-08T11:50:25","modified_gmt":"2022-12-08T19:50:25","slug":"top-5-nyc-office-building-sales-october-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-october-2021\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014October 2021"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 51 W. 52nd St., Manhattan<\/a>
    \nSale Price: $760,000,000<\/li>\n<\/ol>\n

    ViacomCBS Inc. sold the 817,095-square-foot high-rise, also known as the CBS Building or Black Rock, to Harbor Group International. ViacomCBS Inc. will continue to occupy the building through a new lease signed with HGI. The buyer secured a $420 million acquisition loan with a variable interest rate, co-originated by Deutsche Bank and Goldman Sachs. The Eero Saarinen-designed, 38-story landmark was completed in 1963 and underwent alterations in 2017.<\/p>\n

      \n
    1. 86 Trinity Place, Manhattan<\/a>
      \nSale Price: $155,000,000<\/li>\n<\/ol>\n
      \"\"<\/a>

      86 Trinity Place, Manhattan<\/p><\/div>\n

      Clarion Partners sold the American Stock Exchange building to The Yucaipa Cos. iBorrow facilitated the transaction by providing a $97.1 million acquisition financing package to the buyer. The 14-story property totaling 181,725 square feet last traded in 2015 for $105 million. Originally built in 1921, then known as the Curb Exchange, the Art Deco building underwent renovations in 1931 that added additional levels to it.<\/p>\n

        \n
      1. 28 Howard St., Manhattan<\/a>
        \nSale Price: $21,750,000<\/li>\n<\/ol>\n

        The 10,999-square-foot SoHo property sold to an entity affiliated with Beretta USA. The five-story building was built in 1915 and designated as a landmark by the City of New York in 2011. Situated on a narrow, 2,175-square-foot lot, the building encompasses an 8,824 square-foot office component along with retail space.<\/p>\n

          \n
        1. 165 Bowery, Manhattan<\/a>
          \nSale Price: $18,750,000<\/li>\n<\/ol>\n

          Malka Realty Corp. sold the Lower East Side property to Wade Guyton Inc. The new owner is also a tenant in the building. The buyer also secured a $3.8 million seller carry back loan that is set to mature in November 2023. The mixed-use, four-story building was completed in 1920 and features an 11,800-square-foot office space, retail space totaling 4,800 square feet along with a 5,244-square-foot storage space.<\/p>\n

            \n
          1. 450 W. 31st St., Manhattan<\/a>
            \nSale Price: $8,600,000<\/li>\n<\/ol>\n

            A commercial unit part of the office tower totaling 112,146 square feet, home to The Real Deal, <\/em>Melkonian Capital Management and Steven Holl Architects among others, sold in mid-October. While the 12-story building was originally built in 1918, the property underwent alterations in 2016. In 2018 Cushman & Wakefield and Rudder Property Group facilitated the sale of the penthouse along with the entire 12th floor of the building for $9.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

            PropertyShark compiled the city’s top deals of the month for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004559603,"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-1004558389","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\u2014October 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-october-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\u2014October 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the city'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-october-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=\"2021-11-22T10:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:50:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/86-Trinity-Place-Manhattan-Office.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\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-october-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-october-2021\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014October 2021 - 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