{"id":1004654282,"date":"2023-03-29T04:44:00","date_gmt":"2023-03-29T12:44:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004654282"},"modified":"2023-05-15T23:13:21","modified_gmt":"2023-05-16T07:13:21","slug":"top-5-nyc-office-building-sales-february-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-february-2023\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014February 2023"},"content":{"rendered":"<div id=\"attachment_1004654284\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_office.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004654284\" data-attachment-id=\"1004654284\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-february-2023\/0423_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_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=\"0423_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\/2023\/03\/0423_CPE_PS_office.jpg?w=800\" class=\"size-full wp-image-1004654284\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_office.jpg\" alt=\"Source: PropertyShark, a Yardi Systems Inc. company\" width=\"800\" height=\"266\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/0423_CPE_PS_office.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-1004654284\" class=\"wp-caption-text\">Source: PropertyShark, a Yardi Systems Inc. company<\/p><\/div>\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=1521&amp;lcl=nyc\">15 Laight St., Manhattan<\/a><\/li>\n<\/ol>\n\n\n\n<p>Sale Price: $273,500,000<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004662894\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-february-2023\/15-laight-st-image-courtesy-of-gensler\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg\" data-orig-size=\"2500,1667\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;CONNIE ZHOU&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS R&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1655168063&quot;,&quot;copyright&quot;:&quot;CONNIE ZHOU&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;1.6&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"15-Laight-St.-Image-courtesy-of-Gensler\" data-image-description=\"&lt;p&gt;15-Laight-St.-Image-courtesy-of-Gensler&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?w=1024\" alt=\"\" class=\"wp-image-1004662894\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg 2500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/15-Laight-St.-Image-courtesy-of-Gensler.jpg?resize=2048,1366 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">15 Laight St. Image courtesy of Gensler<\/figcaption><\/figure><\/div>\n\n\n<p>Vanbarton Group sold the LEED Silver-certified Fifteen Laight in TriBeCa to Hyundai in a deal arranged by Newmark. The seller converted the former home to the Tribeca Film Festival built in 1900 to a boutique office building totaling 97,814 square feet. Vanbarton Group turned to Gensler for the redevelopment and funded the adaptive reuse through a $141 million loan originated by Paramount Group Inc. in 2018.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=13279\">147 Madison Ave., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $77,000,000<\/p>\n\n\n\n<p>Enchant\u00e9 Accessories acquired the 12-story office building totaling 119,006 square feet in NoMad from Columbia Property Trust. Newmark represented the seller, while Kassin Sabbagh Realty worked on behalf of the buyer and City National Bank provided a $53.9 million acquisition loan. The REIT paid $87.7 million for the high-rise in late 2017 and redeveloped the 1917-built asset. After the upgrade WeWork was set to fully occupy the office space, but the lease was terminated in mid-2020.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=157076019\">32-43 49th St., Queens<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $10,120,000<\/p>\n\n\n\n<p>Rockrose Development Corp. purchased the two-story building totaling 15,705 square feet in Woodside along with the adjoining parking lot across three parcels and the 10,050-square-foot warehouse at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=389283\">32-49 49th St.<\/a> The buyer amassed the properties from two different sellers for a combined $22 million. The property is easily accessible, a short distance from the M and R subway lines at the southeast corner of 48th Street and Broadway.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=128474\">425 Hoyt St., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $9,250,000<\/p>\n\n\n\n<p>A private investor sold the building totaling 19,241 square feet in Gowanus to International Baptist Church Inc. Originally built in 1931, the building was renovated and expanded in 2016. The mixed-use property includes 10,587 square feet of office space and 8,654 square feet of retail space. Nearby transportation options include the F and G subway lines on the corner of Smith and Second Streets.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=398608\">58-18 37th Ave., Queens<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $3,650,000<\/p>\n\n\n\n<p>A private investor purchased the single-story building totaling 4,900 square feet in Woodside. The 1963-built property last traded in 2019, when the current seller paid $2.7 million for the asset with two commercial units. The 7 subway line is easily accessible at the northeast corner of 61st Street and Roosevelt Avenue, while Northern Boulevard is less than half a mile away.<\/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":1314,"featured_media":1004662894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,10,37789],"tags":[],"class_list":["post-1004654282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-northeast","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\u2014February 2023 - 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