{"id":1004569191,"date":"2022-02-28T07:48:03","date_gmt":"2022-02-28T15:48:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004569191"},"modified":"2022-12-07T04:30:16","modified_gmt":"2022-12-07T12:30:16","slug":"top-5-nyc-office-building-sales-january-2022","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-january-2022\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014January 2022"},"content":{"rendered":"
\"\"<\/a>

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

    \n
  1. 47 Willoughby St., Brooklyn<\/a>
    \nSale Price: $48,000,000<\/li>\n<\/ol>\n

    Trans World Equities Inc. sold the three-story property totaling 27,175 square feet in Downtown Brooklyn. Investment Property Exchange Services Inc., a wholly owned subsidiary of Fidelity National Financial facilitated the deal with a $37 million acquisition loan. The 1928-built complex was renovated in 1979 and includes a 5,040-square-foot retail space. While the retail portion is leased to multiple tenants, the office segment is home to the International Charter School of New York.<\/p>\n

      \n
    1. 270 W. 96th St., Manhattan<\/a>
      \nSale Price: $32,922,500* (combined)<\/li>\n<\/ol>\n

      The NAACP Roy Wilkins Center Inc. sold the 6,660-square-foot property to Fetner Properties. The developer also acquired the 3,750-square-foot 268 W. 96th St.<\/a> from The Salvation Army and a former power transformer substation from The City of New York. Fetner Properties will develop a 23-story mixed-use project totaling 171 units on the three adjoining parcels. Wells Fargo originated a $79.8 million senior construction loan and The City of New York provided a $20 million loan.<\/p>\n

        \n
      1. 90 White St., Manhattan<\/a>
        \nSale Price: $20,500,000<\/li>\n<\/ol>\n

        A private investor represented by Donovan LLP sold the 10,500-square-foot office property in Chinatown along with 88 White St.<\/a> totaling 9,350 square feet. The two-property portfolio includes an additional 23,283-square-foot buildable square footage. While both properties were completed in 1915, the three-story 90 White St. underwent renovations in 1986 and the five-story 88 White St. also incorporates 4 residential units.<\/p>\n

          \n
        1. 67 Gansevoort St., Manhattan<\/a>
          \nSale Price: $14,760,00<\/li>\n<\/ol>\n

          After a 25-year ownership a private investor sold the three-story office property totaling 5,317 square feet in the Meatpacking District. Guaranty Bank & Trust Co. provided a $9 million acquisition loan with a 25-year maturity period. The mortgage is guaranteed by the U. S. Small Business Administration through the 504 Loan Program and additional financiers include nonprofit Business Initiative Corporation of New York. The 1900-built building includes a 2,000-square-foot retail space.<\/p>\n

            \n
          1. 3044 Coney Island Ave., Brooklyn<\/a>
            \nSale Price: $14,375,000<\/li>\n<\/ol>\n
            \"\"<\/a>

            3044 Coney Island Ave., Brooklyn. Image via Google Street View<\/p><\/div>\n

            A private investor acquired the five-story office property totaling 33,000 square feet on a 10,886-square-foot corner lot in Brighton Beach. Bethpage Federal Credit Union provided a $9.5 million acquisition loan for the 2000-built property with 5 commercial units. The tenant roster includes Five Star Home Health Care Agency, Talking Works and Think Heroes, among others.<\/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":1004569279,"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-1004569191","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\u2014January 2022 - 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-january-2022\/\" \/>\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\u2014January 2022\" \/>\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-january-2022\/\" \/>\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=\"2022-02-28T15:48:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T12:30:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/CPE-3044-Coney-Island-Ave-via-Google-Street-View-Office.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-january-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-january-2022\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Top 5 NYC Office Building Sales\u2014January 2022\",\"datePublished\":\"2022-02-28T15:48:03+00:00\",\"dateModified\":\"2022-12-07T12:30:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-january-2022\\\/\"},\"wordCount\":377,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-january-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/02\\\/CPE-3044-Coney-Island-Ave-via-Google-Street-View-Office.png\",\"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-january-2022\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/top-5-nyc-office-building-sales-january-2022\\\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014January 2022 - 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