On the Market

On the Market

Want to Be Domenico Vacca’s New Neighbor in Midtown?

19 West 55th Street (Photo: CoStar).

Two floors of retail space next to Domenico Vacca’s new Midtown shop are available for lease, Commercial Observer has learned, at the once lawsuit-ridden Branson, believed to be once operating in part as an illegal hotel

A Lee & Associates team is shopping around 10,300 square feet of retail space at 19 West 55th Street between Avenue of the Americas and Fifth Avenue, according to the brokerage. There is 4,000 square feet of retail on the ground floor, with another 4,000 above, according to the Lee & Associates team. The 2,300-square-foot basement is also available for storage. Read More

On the Market

Infinity Adding 60K Square Feet on Top of Kingswood Center

A rendering of 1630 East 15th Street with the additional two floors.

Nearly a year after buying two mixed-use Midwood, Brooklyn, properties for $79.1 million, the owners are hoping to tack on 60,000 square feet at one of the plazas for one or more tenants to occupy, Commercial Observer has learned.

A partnership led by Infinity Real Estate wants to add floors four and five to the 160,000-square-foot building that is 100 percent occupied with tenants including TJ Maxx and NY Sports Club on the ground floor and medical tenants like Visiting Nurse Service of New York and New York Eye and Ear Infirmary of Mount Sinai on the second and third floors. Hundreds of parking spaces are below grade. Read More

On the Market

Corn Popping: The Corn Exchange Building Just Finished a Hot New Renovation

81 East 125th Street.

After four years, the Corn Exchange Building at 81 East 125th Street has made it through the maize (er, maze) of redevelopment and is ready for tenants.

A lot of the economic rebirth in Harlem has featured big-box stores like Whole Foods Market and Bed Bath & Beyond, both of which are slated to open up on 125th Street. But some architecture that predates even the days of Langston Hughes and Bumpy Johnson, until recently, had fallen to the wayside. Read More

On the Market

Former Jehovah’s Witnesses Building in Brooklyn Heights Hits Market at $40M

67 Livingston Street in Brooklyn Heights.

Glory Capital, which bought a residential building in Brooklyn Heights from the Jehovah’s WitnessesWatchtower Group in 2007 for $18.6 million, is putting that building on the market today for $40 million, Meridian Investment Sales told Commercial Observer.

The 1987 building at 67 Livingston Street between Court and Clinton Streets will be delivered vacant, a Meridian spokesman said.  Read More

On the Market

Star Cinema Building Hits Sales Market for Redevelopment

217-219 West 21st Street.

A partially vacant building in Chelsea is on the sales market for redevelopment or repurposing, Commercial Observer has learned.

Dubbed the “Star Cinema Building,” 217-219 West 21st Street is being shopped around, although an asking price isn’t available at this time. The 13,040-square-foot building is zoned so that it can increase in size by roughly one-third to 19,700 square feet. Read More

On the Market

Potential LIC Hotel Site Hits Market With $12.5M Price Tag

11-01 38th Avenue and 37-37 11th Street.

Two connected lots in Long Island City have hit the sales market with the potential to build a hotel for $12.5 million, Commercial Observer has learned.

More than 86,000 square feet can be built at 11-01 38th Avenue and 37-37 11th Street, according to marketing materials provided by Newmark Grubb Knight Frank. That comes out to about 15 floors of commercial space, in addition to a 5,000-square-foot unattached parking garage. Read More

On the Market

Park Slope Resi Building Hits Market at 54 Percent Increase from 2012

477 3rd Street.

Take a $7.8 million rental apartment building, throw in the fact that several of its 20 units are about to lose their rent-control status, wait three years and you apparently can ask $12 million for it.

More than half of the apartments in the building, 477 3rd Street between Sixth and Seventh Avenues in Park Slope which was just put on the market, will become market-rate in 2017 when the property’s J-51 tax credit expires, according to GFI Realty Services. Eight units will remain rent-stabilized until the current tenants move out. Read More

On the Market

FiDi Retail Space Hits Rental Market

116 Nassau Street.

The retail space at 116 Nassau Street in FiDi has hit the rental market, Commercial Observer has learned.

The building is apparently a very hot property; three separate tenants took a combined 26,500 square feet in the building, as CO reported last month. Park Row South Nassau Street LLC took 11,365 square feet in its lease, the New York City Gay and Lesbian Anti Violence Project signed a lease for 9,000 square feet and TAP Electrical Contracting Service inked a deal for 6,134 square feet.    Read More

On the Market

RKF Tapped to Market Retail at Macklowe’s 1 Wall Street

1 Wall Street (Photo: CoStar).

Macklowe Properties has hired RKF to lease the retail space at the base of the former home of Bank of New York Mellon at 1 Wall Street, Commercial Observer has learned.

The retail space at the 50-story Art Deco Financial District tower is about 100,000 square feet, but could grow to 200,000 square feet with additional floors taken. It spans the ground and second floors as well as below-grade. Read More

On the Market

Retail Space at 15 Union Square West Hits Rental Market

15 Union Square West (Photo: Winick Realty Group).

The retail space of 15 Union Square West is hitting the rental market formerly occupied by Pizza Vinoteca, Commercial Observer has learned.

The State Teachers Retirement System of Ohio, the building’s owner, is looking to lease the space at an asking rent of $43,750 per month, according to Winick Realty Group, which is exclusively marketing the space. Read More

On the Market

Thor Equities’ Retail Condo at Row NYC Hotel Hits the Market

Row NYC at at 700 Eighth Avenue (Photo: Lauren Elkies Schram).

Thor Equities‘ roughly 27,000-square-foot three-story retail condominium unit at the base of the Row NYC Hotel, formerly Milford Plaza, has hit the market. A source said the property is expected to fetch in excess of $100 million.

The 26,883-square-foot site at 700 Eighth Avenue between West 44th and West 45th Streets includes four stores, the nine-vendor food court called City Kitchen (which opened in March and has a lease through March 2023), two souvenir shops and an 1,000-square-foot below-grade space leased to the hotel that is being built out for a gym, according to information obtained by Commercial Observer.  Read More

On the Market

Hubba, Clubba! Calling All Club Promoters … Have We Got a Deal for You!

MEAT & GREET: This 14,000-square-foot, five-story property is in prime Meatpacking District territory on the same block as the late, lamented Lotus (Photo: Manon).

If you happen to be looking to lease an opulent, club-like venue with Baroque carvings in the heart of the Meatpacking District, today’s your lucky day.

The former home of restaurant and club Manon, has hit the market with an asking rent of $97,000 per month plus $1.5 million in key money, or $120,000 a month with no key money. The floors can also be leased separately. Read More

On the Market

Howard Hughes to Market 80 South Street

80 South Street (image: GoogleMaps).

The Howard Hughes Corporation, the real estate development company behind the South Street Seaport’s revitalization, has completed a site assemblage for 80 South Street, Commercial Observer has learned.

According to a spokeswoman for the company, Howard Hughes is marketing for sale or joint venture its interest in the assemblage for 80 South Street, the 8,128-square-foot site that sits on the corner of Fletcher Street by the East River. Last January, Real Estate Weekly reported that Howard Hughes paid $100 million for the site. Read More

On the Market

Hamilton Heights Corner Retail Hits Rental Market

3556 Broadway.

A corner retail spot in Hamilton Heights has hit the rental market, not far from a new development by Columbia University, the brokers announced.

Currently housing a Payless ShoeSource, 3556 Broadway at the corner of West 146th Street has 3,700 square feet of retail space on the ground floor and 4,000 square feet on the second level, according to Douglas Elliman. The floors can either be leased together as a package, or separately.   Read More