{"id":1004734518,"date":"2024-10-30T13:00:00","date_gmt":"2024-10-30T21:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004734518"},"modified":"2024-11-22T04:43:10","modified_gmt":"2024-11-22T12:43:10","slug":"top-5-nyc-office-building-sales-september-2024","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-september-2024\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014September 2024"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004734519\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-september-2024\/1124_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_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=\"1124_CPE_PS_office\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_office.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_office.jpg\" alt=\"A roundup of major transactions put together by PropertyShark. \" class=\"wp-image-1004734519\" style=\"object-fit:cover\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_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 Company<\/figcaption><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=288\">110 Maiden Lane, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale price: $160 million<\/p>\n\n\n\n<p>Bushburg Properties purchased the 38-story, 1.1 million-square-foot office building in Manhattan\u2019s Financial District from Rudin. The office asset known as Cocoa Exchange came online in 1961 and was renovated in 2007. The new ownership also took out a $134.4 million loan in the form of a consolidated mortgage originated by Cayman Management. This was Bushburg\u2019s first investment in the Manhattan market, according to <em>The Real Deal<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=15784\">321 W.&nbsp; 44th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale price: $40.5 million<\/p>\n\n\n\n<p>Related Cos. sold the 181,021-square-foot office building in Manhattan\u2019s Hell\u2019s Kitchen. Namdar Realty Group acquired a 97 percent ownership stake in the asset, while Empire Capital Holdings acquired the remainder. The 10-story office asset also became subject to a $24.3 million acquisition loan originated by Symetra Financial. The buyers purchased this asset at a considerable discount, in comparison with the $152.5 million that Related Cos. paid back in 2018.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=13013\">37 E. 18th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale price: $27 million<\/p>\n\n\n\n<p>Zar Property NY has purchased the 67,051-square-foot office building in the borough\u2019s Flatiron District from multiple private sellers that owned the asset since 1995. The 10-story building includes 12,783 square feet of retail space. Completed in 1900, the property had four of its five top floors unoccupied, while the fifth floor includes a lease set to expire in 2028, according to <em>MarketersMEDIA Newswire<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=12182\">152 W. 36th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale price: $23.8 million<\/p>\n\n\n\n<p>The 51,853-square-foot office property in Manhattan\u2019s Garment District changed hands from Falcon Properties to Atlanta-based Mequity Cos. The new ownership secured $50.2 million in acquisition and construction financing through three loans from Elsee Partners. The eight-story building dates back to 1900 and will be converted into a 16-story self-storage property, according to <em>Yahoo!Finance<\/em>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=24448\">1114 1st Ave., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale price: $19.9 million<\/p>\n\n\n\n<p>A private buyer acquired the 41,300-square-foot office building in the borough\u2019s Lenox Hill neighborhood from Himmel + Meringoff Properties. The new ownership secured $17.6 million though three loans from a private lender. The eight-story structure, completed in 1947, includes 4,750 square feet of retail space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A roundup of recent major transactions put together by PropertyShark. <\/p>\n","protected":false},"author":1269,"featured_media":1004734520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,10,37789],"tags":[52395],"class_list":["post-1004734518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\u2014September 2024 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A monthly roundup of the five largest office transactions in New York City, put together by PropertyShark.\" \/>\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-september-2024\/\" \/>\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\u2014September 2024\" \/>\n<meta property=\"og:description\" content=\"A monthly roundup of the five largest office transactions in New York City, put together by PropertyShark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-september-2024\/\" \/>\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=\"2024-10-30T21:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-22T12:43:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1124_CPE_PS_office_feat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\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-september-2024\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-september-2024\/\",\"name\":\"Top 5 NYC Office Building Sales\u2014September 2024 - 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