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.
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.
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
Real estate owners and developers Alfa Development and Park-It Management have snagged a development site in at 117-119 West 21st Street in Chelsea for $12 million, where they plan to construct a high-end residential development, The Commercial Observer has learned.
The site is currently occupied by a four-story vacant warehouse with 44 feet of frontage and Read More
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.
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
For all the talk of a return to politics, former Governor Eliot Spitzer remains ensconced in his family’s muscular real estate business.
Last week, Mr. Spitzer sold a parking garage underneath The Corinthian condomium built by his dad Bernie in 1987. The price: $10.275 million, an apparently handsome deal for the governor-turned-real estate Read More
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