{"id":1004714347,"date":"2024-05-28T01:00:00","date_gmt":"2024-05-28T09:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004714347"},"modified":"2024-05-23T01:33:47","modified_gmt":"2024-05-23T09:33:47","slug":"top-5-nyc-office-building-sales-april-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-april-2024\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014April 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004714348\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-april-2024\/0624_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_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=\"0624_CPE_PS_office\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_office.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_office.jpg\" alt=\"PropertyShark's office deals for April 2024\" class=\"wp-image-1004714348\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/0624_CPE_PS_office.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Source: PropertyShark, a Yardi Systems Inc. company<\/figcaption><\/figure>\n\n\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=11360674&amp;lcl=nyc\">1740 Broadway, Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $185,895,188<\/p>\n<p>YellowStone Real Estate Investments purchased the famed Mutual of New York tower, a 519,600-square-foot office building in Manhattan\u2019s Theater District, from Blackstone. The company bought the $308 million defaulted CMBS loan on the 26-story office property, originated by Deutsche Bank in 2014, the year when Blackstone paid $600 million for the 1950-built asset. The office building became almost vacant in recent years and reached an appraised value of $175 million as of last year, according to <em>The Real Deal<\/em>.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=381\">222 Broadway, Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $147,500,000<\/p>\n<p>TPG Inc. has acquired the Financial District 756,138-square-foot office tower from DWS, Deutsche Bank\u2019s asset management arm. The buyer is now partnering with GFP Real Estate, as the company previously entered into a sales agreement with DWS, with the intention of starting an office-to-residential conversion, according to <em>The Real Deal<\/em>. The 31-story office tower was originally built in 1961 and last upgraded in 2013. The property previously traded ten years ago for $528 million.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=23192\">107 E. 70th St., Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $34,500,000<\/p>\n<p>Visiting Nurse Service of New York, one of the largest community-based healthcare organization in the country, has sold the five-story, 17,726-square-foot office building in Manhattan\u2019s neighborhood of Lenox Hill. The buyer of the 1960-built property is The Altneu, an Orthodox Synagogue, that also secured a $10 million loan from an Access Industries.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=12093\">129 W. 29th St., Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $31,000,000<\/p>\n<p>The 85,869-square-foot office building in Manhattan\u2019s Chelsea neighborhood was acquired by an entity affiliated with The Epoch Times, a New York City-based newspaper and media company that is part of The Epoch Media Group. The buyer secured $23.3 million in acquisition financing originated by International Bank of Chicago. The 12-story office property was originally built in 1911, with the latest upgrades completed in 2009, and changed hands from seller Samson Management.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=1111\">182 Franklin St., Manhattan<\/a><\/li>\n<\/ul>\n<p>Sale Price: $14,499,900<\/p>\n<p>A private investor picked up the 8,490-square-foot, five-story office building in Manhattan\u2019s TriBeCa, from firm The Office of Thierry W. Despont, that owned the property since 1995. The building was originally constructed in 1915 and served as the home of the late architect Thierry Despont, according to <em>Crain\u2019s New York Business.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>PropertyShark collected the city\u2019s top deals for the sector.<\/p>\n","protected":false},"author":1269,"featured_media":1004714348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742,10,37789],"tags":[52395],"class_list":["post-1004714347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest","category-northeast","category-rc-office-nyc-spotlight","tag-propertyshark"],"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\u2014April 2024 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"PropertyShark collected New York City&#039;s top 5 deals for the office sector recorded in April 2024. 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