The Sit-Down

David Berley’s Plot Twist

David Berley. (Walter & Samuels)

David Berley has spent over half a century in the real estate business and the bulk of that time has been at the helm of Walter & Samuels. The Brooklyn native pioneered the commercial-to-residential conversion, but with property prices skyrocketing, the septuagenarian has dramatically shifted his strategy and today is closing retail condominium deals at a rapid clip. Read More

Sales Beat

David Berley Buys Noho Retail Condo for $15M

Saxon + Parole at 316 Bowery. (AvroKO)

An investment group led by David Berley of Walter & Samuels has acquired the ground-floor retail condominium at 316 Bowery from Bowery Realty Corp. for $15 million in an off-market transaction, Commercial Observer has learned.

The 3,400-square-foot unit is occupied by the AvroKO-designed Saxon + Parole restaurant. The space also boasts an additional 3,200-square-foot lower level. Read More

Sales Beat

Downtown Retail Condo Trades for $4.8M

119 Fulton Street. (Google Street View, PropertyShark)

An investment group led by David Berley of Walter & Samuels has acquired the retail condominium at 119 Fulton Street for $4.8 million in an off-market deal, Commercial Observer has learned.

The 4,200-square-foot property features 2,300 square feet of ground-floor retail space, 1,900 square feet of basement space and 25 feet of frontage on Fulton Street. The space is currently occupied by Spring Nail Spa. Read More

Development Sites

Upper West Side Condo Development Could Fetch $70M

219-223 West 77th Street. (Credit: Avison Young)

Avison Young will bring an Upper West Side development site at 219-223 West 77th Street to the market in the coming weeks that the firm said could bring offers into the $70 million range.

The 7,700-square-foot lot currently holds a 42,000-square-foot parking garage – with an additional basement space – that will very likely be razed to make way for a new residential development project that could reach 77,000-square-feet. Read More

Sales Beat

David Berley Pays $20M for UWS Retail Condo

David Berley. (Credit: Walter & Samuels, Inc.)

Chairman of real estate firm Walter & Samuels, Inc., David Berley, has purchased a retail condominium at 2770 Broadway for $20.25 million.

The transaction encompasses 9,500 square feet of retail space on the ground floor and basement levels at the base of the 20-story luxury Opus Condominiums, on the corner of 107th Street and Broadway on the Upper West Side. Read More

Lease Beat

Grind Opens Second Location at 1412 Broadway

1412broadway

Grind LLC has grabbed a new space in the Garment District.

The self-described “22nd century platform that helps talent collaborate in a new way” will be opening a new office at 1412 Broadway. The office will span the entire 22th floor of 14,374 square feet.

Grind creates a members-only workspace and community out of the Read More

Sales Beat

SL Green to Buy 304 Park Avenue South

304 Park Avenue South.

SL Green Realty Corp. said Thursday that it has entered into an agreement to acquire 304 Park Avenue South for $135 million. The 215,000-square-foot building is located on the southwest corner of Park Avenue South and 23rd Street—not far from Madison Square Park and across the street from the REIT’s One Madison Avenue. Read More