Sales Beat

Lloyd Goldman Buys Murray Hill Apartment Building for $126M

The Nash

Lloyd Goldman of BLDG Management has acquired The Nash, a 191-unit apartment building located at 222 East 39th Street in Murray Hill, for $126 million.

The sellers, a partnership led by Atlas Capital, Rockpoint Group and The Procaccianti Group, acquired the debt on the property, then known as the Eastgate Tower Hotel, in 2012 with a plan to convert the building to apartments. The property exited bankruptcy in November 2012 and renovation of the building began in early 2013. Read More

Sales Beat

9,995-Square-Foot UES Townhouse Trades Hands in Complex Transaction

149 East 78th Street.

A 32-foot-wide townhouse with 23,661 buildable square feet at 149-151 East 78th Street  sold for $18.25 million, it was announced today.

The five-story, 9,995-squre-foot property (aka the Ackerman Institute for the Family building) went to a developer who wishes to remain anonymous. Eastern Consolidated brokers Ben Tapper and Marion Jones represented the seller, while their colleague Brian Ezratty worked with the buyer. The intricate transaction included a 12-month close and a deposit of roughly 45% of the sale price that would be releasable from escrow toward the purchase and renovation of new space. Read More

Sales Beat

Extell Sells Hudson Square Development Leasehold for $52 M.

68

Extell Development has sold a 90 percent stake in a commercial development site at 68-74 Charlton Street for $52 million to investment firm Angelo, Gordon & Co., raking in $7 million more than originally sought, according to published reports and city records.

Extell, which originally intended to build a 35-story, 181,000-square-foot luxury hotel at the site, Read More

Sales Beat

Savanna Pays $75.8M for Adjacent Chelsea Loft Buildings

249 West 17th Street -- the former Siegel-Cooper warehouse

New York-based real estate private equity and asset management firm Savanna has closed on its acquisition of two adjacent loft-style office buildings at 245 West 17th Street and 249 West 17th Street in Chelsea for $75.8 million, city records show.

Originally a dry goods warehouse and wagon house for the Siegel-Cooper Company department store, the property at 249 West 17th Street is a 145,000-square-foot, six-story building.  The other property, equal in square footage, is 12 stories high.

The two properties have a combined 40,000 square feet of office space and are located within a couple blocks of Chelsea Market, the Meatpacking District and Google’s 111 Eighth Avenue. Read More

Trade Secrets! ‘Wealthy Family’ Buys Devonshire Retail Space

The retail space on the ground floor of the Devonshire House, a prewar Greenwich Village beauty at 28 East 10th Street, has changed hands for $10.35 million. The buyer, according to broker Eric Anton, is “a very wealthy family here in New York.”

Eastern Consolidated represented the seller and, according to a release, “procured” the buyer, Read More

The Letterman Fan

Brian Ezratty had only been a broker for eight short years when he inked one of those once-in-a-lifetime fantasy deals that people tend to read about in the papers and then later wonder what would’ve happened had the sale not been successful.

In this case, it was a deal that not only established Mr. Ezratty Read More