Red Hook Comfort Inn Hits the Market at $11.5M [Updated]

Comfort Inn at 17 Seabring Street.

A Comfort Inn in the Red Hook area of Brooklyn has hit the market for $11.5 million, according to marketing materials from CPEX Real Estate. The amount equates to $142,000 per key.

The 81-room limited-service Comfort Inn Brooklyn Cruise Terminal, located at 17 Seabring Street between Richards and Columbia Streets, was erected in 2011 and was renovated in May 2013. With options, the lease runs through 2089. Read More


Clarke’s Standard FiDi Space Hits the Market

101 Maiden Lane.

Clarke’s Standard, a burger joint owned by P.J. Clarke’s, plans to vacate its 1,683-square-foot, Financial District location at 101 Maiden Lane, Commercial Observer has learned.

Winick Realty Group was tapped to exclusively market the ground-level retail space, which is located inside one of TF Cornerstone’s two luxury residential buildings which are collectively known as 2 Gold Street. Read More


Sheepshead Commercial Building Hits Market at $12M

1926 Avenue U.

The four-level, 18,600-square-foot commercial building at 1926 Avenue U has been listed for sale at $12 million, Commercial Observer has learned. The Sheepshead Bay property is located between Ocean Avenue and East 19th Street.

The building’s 17,280 rentable square feet, ranging from the basement and ground-level retail to two spaces on both the second and third floors, are currently occupied with the exception of one 2,200-square-foot space on the third floor, according to a marketing brochure from GFI Realty Services, which has been named the exclusive sales agent for the property. Read More


Four Contiguous W’burg Buildings Available for $9.54M

949-959 Metropolitan Avenue.

Four East Williamsburg residential buildings at 949-959 Metropolitan Avenue have hit the market with an asking price of $9.54 million, Commercial Observer has learned.

The four, four-story, 24,000-square-foot contiguous buildings contain 32 one- and two-bedroom rent-stabilized (and one rent-controlled) units bringing in a monthly income of $46,089, about 50 percent below market rate, according to the offering memorandum by Brooklyn-based EXR GroupRead More


Minuet Partners Aims to Sell UES Site for $14.6M [Updated]

321 East 60th Street

Investment firm Minuit Partners‘ 3,750-square-foot irregularly-shaped development site on the Upper East Side has hit the market for $14.6 million, Commercial Observer has learned. The property has 24,400 of total zoning floor area.

On June 17, the New York City Board of Standards and Appeals approved the site, at 321 East 60th Street between First and Second Avenues, for an eight-story, 28-unit residential development, according to yesterday’s exclusive offering memorandum for the property’s sale. Office and community facility uses are permitted as-of-right, a BSA spokesman said. A maximum of nine accessory parking spaces are allowed, noted Eastern Consolidated‘s Gary Meese. Read More


CBRE Tapped to Lease 920 Broadway

920 Broadway. (PropertyShark)

KLM Equities has selected CBRE as the exclusive leasing agent for 920 BroadwayCommercial Observer has learned.

CBRE’s David Kleinhandler, Zachary Freeman, Michael Politi and Zak Snider will market the building’s available floors for lease. The property currently boasts full-floor availability on the fifth through seventh floors, as well as floors 10 and 17, according to a press release. Asking rent for space in the building is in the mid-$70s per square foot.  Read More


RKF to Market Retail Space at World-Wide Group’s QLIC


World-Wide Group has appointed RKF as the exclusive agent for 8,300 square feet of ground-level retail space at QLIC, a 21-story residential building in Long Island City, according to a release issued by the company.

The retail space for the development is situated on Queens Plaza North from 23rd to 24th Street, and has 186 feet of continuous frontage, the release noted. Read More


Renaissance Restaurant to Lease Out Its Space

776 Ninth Avenue.

Get ready to say goodbye to Renaissance Restaurant at 776 Ninth Avenue, Commercial Observer has learned. The owners of the restaurant, and the building that houses it, are looking to head to the Caribbean to retire, said Eastern Consolidated broker James Famularo who is representing the landlord.

Renaissance has been open for 30-plus years on Ninth Avenue between 51st and 52nd Streets, Mr. Famularo said, but times have changed. Read More


Retail Corner Across From Harlem USA on Market

285 St. Nicholas Avenue. (PropertyShark)

Douglas Elliman’s Retail Group is marketing a 3,000-square-foot corner retail space across from Harlem USA at 285 St. Nicholas Avenue, Commercial Observer has learned.

The unit boasts 135 square feet of wraparound frontage and approximately 1,500 square feet of basement space. Asking rent for the space is $90 per square foot. Read More


United Hebrew Community Puts LES Buildings Up for Sale

203 East Broadway.

United Hebrew Community has put its two five-story Lower East Side buildings on the market for $10.5 million, Commercial Observer has learned.

“It’s one of the cheapest development sites in the city today,” said Adelaide Polsinelli of Eastern Consolidated, who along with colleague Carlos Olson, is exclusively representing the seller. “This is dirt cheap.” Read More


Realty Collective Lists Red Hook Property for $24M

145-165 Wolcott Street. (Property offering memorandum)

Led by Frank Manzione, director of sales, Realty Collective has been retained to market a single-story commercial building and adjacent lots at 145-165 Wolcott Street in the Red Hook section of Brooklyn.

The asking price for the 80,000-square-foot property, between Ferris and Dikeman Streets, is $24 million, according to the the offering memorandum.  Read More


Savanna Puts Twitter’s NYC HQ Building on the Market

245-247 West 17th Street.

Following a $29.4 million gut renovation, Savanna has put 245-249 West 17th Street on the market, hiring Eastdil Secured to sell the 12-story office tower and adjacent six-story mixed-used building, according to marketing materials obtained by Commercial Observer.

Together the Gold LEED-certified buildings between Seventh and Eighth Avenues and 17th and 18th Streets have 281,294 square feet, including 18,945 square feet of ground-floor retail space. Read More


Elliman Wins Soho Retail Building Leasing Assignment

372 West Broadway.

Douglas Elliman retail pros Faith Hope Consolo and Joseph Aquino have been hired to lease the standalone Soho building that was once home to Tommy Hilfiger‘s headquarters, Commercial Observer has learned. The asking rent for the single-tenant building is $2.25 million.

The 11,520-square-foot elevator building at 372 West Broadway, at the corner of Broome Street, spans three floors and includes a lower level selling floor and a rooftop garden. There is 112 feet of frontage along West Broadway. Read More


Ripco Targeting Temp Retailers for East 86th Street Building

147 East 86th Street.

Before its time to demolish a corner property to make way for a big residential project, Ripco Real Estate is hoping to lease Stillman Development‘s roughly 15,000-square-foot building on East 86th Street to pop-ups or temporary operators, Commercial Observer has learned.

Ripco, which was tapped to lease the two-story building, is seeking two year-long tenants for 147 East 86th Street, at the corner of Lexington Avenue, said Andrew Mandell, managing partner at Ripco, who is leasing the space with a Ripco team. The asking rent for the entire space is $1.4 million per year. Read More