{"id":1004564857,"date":"2022-01-28T08:20:50","date_gmt":"2022-01-28T16:20:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004564857"},"modified":"2022-12-07T04:30:04","modified_gmt":"2022-12-07T12:30:04","slug":"top-5-nyc-office-building-sales-december-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014December 2021"},"content":{"rendered":"<div id=\"attachment_1004564858\" style=\"width: 706px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004564858\" data-attachment-id=\"1004564858\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/222_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg\" data-orig-size=\"800,266\" 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=\"222_CPE_PS_office\" data-image-description=\"&lt;p&gt;Source: PropertyShark, a Yardi Systems Inc. company&lt;\/p&gt;\n\" 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\/2022\/01\/222_CPE_PS_office.jpg?w=800\" class=\"size-full wp-image-1004564858\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg\" alt=\"\" width=\"696\" height=\"231\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/222_CPE_PS_office.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><\/a><p id=\"caption-attachment-1004564858\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n<ol>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=13155\">11 E. 26th St., Manhattan<\/a><br \/>\nSale Price: $13,000,000<\/li>\n<\/ol>\n<div id=\"attachment_1004565323\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004565323\" data-attachment-id=\"1004565323\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/11-e-26th-st-image-via-google-street-view-office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\" data-orig-size=\"801,620\" 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;0&quot;}\" data-image-title=\"11. E. 26th St. Image via Google Street View &#8211; Office\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;11. E. 26th St. Image via Google Street View&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png?w=801\" class=\"size-medium wp-image-1004565323\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png?w=300\" alt=\"\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png?resize=768,594 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004565323\" class=\"wp-caption-text\">11. E. 26th St. Image via Google Street View<\/p><\/div>\n<p>A private investor sold its 5 percent interest stake in the 218,000-square-foot office building in NoMad to Rockrose Development. The transaction combined with <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-april-2021\/\">the April share purchase<\/a> brings Rockrose\u2019s ownership stake in the office asset dubbed 11 Madison Square North to 47.5 percent. The high-rise across the street from Madison Square Park features an 11,000-square-foot retail space and is home to MoMath, the National Museum of Mathematics.<\/p>\n<ol start=\"2\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=963155\">36-09 38th St., Queens<\/a><br \/>\nSale Price: $9,900,000<\/li>\n<\/ol>\n<p>The two-story office asset totaling 20,277 square feet in Long Island City was completed in 1966 but underwent alterations in 2001. The property is less than 2 miles from Interstates 278 and 495, with nearby transportation options that include the E, M and R lines accessible via the SE corner of 36th Street and Northern Boulevard.<\/p>\n<ol start=\"3\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=955700\">819 Grand St., Brooklyn<\/a><br \/>\nSale Price: $6,197,000<\/li>\n<\/ol>\n<p>St. Nicks Alliance Corp. acquired the three-story former bank building encompassing 13,357 square feet in Williamsburg. The new owner secured a $6.6 million mortgage originated by Leviticus Fund, Capital Impact Partners and Partners for the Common Good. The funds will go toward the construction of a 213-unit senior housing community adjacent to the 150-unit Jennings Hall also owned by St. Nicks, according to the lead lender, Leviticus.<\/p>\n<ol start=\"4\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=672416\">11-11 40th Ave., Queens<\/a><br \/>\nSale Price: $4,500,000<\/li>\n<\/ol>\n<p>A joint venture between Barone Management and a private investor acquired the 15,000-square-foot office asset in Long Island City. G4 Capital Partners facilitated the transaction with $4.3 million in acquisition financing. The 1916-built property includes 3,000 square feet of storage space as well as an additional 22,500-square-foot buildable square footage.<\/p>\n<ol start=\"5\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=83425\">2301-2311 White Plains Road, Bronx<\/a><br \/>\nSale Price: $2,450,000<\/li>\n<\/ol>\n<p>The nearly 5,000-square-foot property in Allerton last traded mid-2017 for $2 million less through an all cash transaction. The new owner plans to demolish the 1965-built, single-story building according to permits filed with the New York City Department of Buildings. The property features a 29,328-square-foot maximum buildable floor area on a 12,069-square-foot lot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PropertyShark compiled the city&#8217;s top deals of the month for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004565323,"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-1004564857","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 NYC Office Building Sales\u2014December 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-december-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\u2014December 2021\" \/>\n<meta property=\"og:description\" content=\"PropertyShark compiled the city&#039;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-december-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=\"2022-01-28T16:20:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T12:30:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\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-nyc-office-building-sales-december-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014December 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-december-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\",\"datePublished\":\"2022-01-28T16:20:50+00:00\",\"dateModified\":\"2022-12-07T12:30:04+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-december-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-december-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/11.-E.-26th-St.-Image-via-Google-Street-View-Office.png\",\"width\":801,\"height\":620,\"caption\":\"11. 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