Sales Beat

Sales Beat

Pan Brothers Associates Picks Up NoMad Building for $8.9M

1145 Broadway (Photo: CoStar).

Richmond Properties LLC put its five-story 6,285-square-foot building at 1145 Broadway on the market in October 2013 for $9.35 million, as Commercial Observer reported at the time. This April 16, Pan Brothers Associates purchased it for $8.9 million, property records made public yesterday indicate.

The 1925 building between West 26th and West 27th Streets includes 1,500 square feet of ground-floor retail. Richmond Properties LLC bought the building for $75,000 in 1978, according to CoStar Group. Read More

Sales Beat

Jonas Equities Picks Up Prospect Park South Building for $14.2M

15-21 Crooke Avenue.

Jonas Equities has purchased a Prospect Park South apartment building for a whopping $14.25 million, according to property records.

The Brooklyn-based landlord nabbed 15-21 Crooke Avenue between Parade and St. Paul Places in the emerging neighborhood. With 54 rental apartments, that comes out to a value of $264,000 per unit, according to GFI Realty Services. The deal closed on March 31 and appeared in property records last week. Read More

Sales Beat

Sugar Hill Capital Sells Hamilton Heights Building to E&M Associates for $25.5M

3621 Broadway.

Real estate investment firm Sugar Hill Capital Partners has sold a 47-unit mixed-use building in Hamilton Heights to Brooklyn-based multifamily landlord Galil Management, formerly known as E&M Associates, for $25.5 million, Commercial Observer has learned.

The six-story, 65,050-square-foot building at 3621 Broadway is an elevator building with 47 apartments, eight stores and an art studio, the brokers on the deal indicated. The building also includes 31,175 square feet of air rights. Read More

Sales Beat

Former Chelsea Home of Amy Sacco’s Lot 61 Sells for $40M

550 West 21st Street (Photo: CoStar).

An affiliate of Leslie J. Garfield & Company has sold the former home of “Club Empress” Amy Sacco‘s Lot 61, an irregularly-shaped parcel, for $40 million, the seller’s attorneys, David Drewes and Marc Palladino of Willkie Farr & Gallagher, confirmed.

The one-story, 6,425-square-foot former warehouse with partial mezzanine at 550-552 West 21st Street at 11th Avenue sold yesterday to 540 West 21st Street Holdings LLC. The buyer appears to be Uri Chaitchik-led Casco Development Corp., which at the beginning of 2014 acquired 540 West 21st Street for $50 million.  Read More

Finance, Sales Beat

RXR Completes 32 Old Slip Buy With $325M Loan Brokered by Meridian

32 Old Slip. (CoStar)

Scott Rechler’s RXR Realty closed on its purchase of Manhattan’s 32 Old Slip with a $325 million loan from GE Capital, Commercial Observer has learned. New York-based Meridian Capital Group brokered the financing.

RXR bought the 36-story office building between Front and South Streets from Beacon Capital Partners for $675 million in a deal that closed this week. Read More

Sales Beat

The Coda and Two Other LES Buildings Sell for $50M

The Coda at 114 Ridge Street (Photo: CoStar).

The Coda rental building, constructed in 2003, and two other residential rental buildings on the Lower East Side have sold for roughly $50 million, Commercial Observer has learned.

Judah Klausner and Richard Freedman yesterday sold the seven-story, 30-unit Coda at 114 Ridge Street (also known as 110-114 Ridge Street) along with two small loft buildings at 106 Ridge Street (also known as 198 Rivington Street) and 118 Ridge Street, to a mid-sized New York based-development group. Read More

Sales Beat

Thor Equities Scores Soho Co-op From Mosaic Company

41-43 Greene Street.

Thor Equities, which owns retail co-ops on Greene Street, has purchased another Greene Street unit for $10.5 million.

The company last month acquired the vacant 3,750-square-foot ground-floor retail co-op at the 24,922-square-foot 41-43 Greene Street between Grand and Broome Streets from Italy-based mosaic company Bisazza, according to GFI Realty Services, which represented both sides in the deal. The space has a classic cast iron storefront and over 30 feet of frontage. Read More

Sales Beat

Hariri & Hariri Architecture Firm Sells NoMad Digs to PacTV

Reception area of  Hariri & Hariri's 12th-floor offices at 39 West 29th Street .

New York architecture firm Hariri & Hariri has sold its office cooperative unit in the Flatiron District for $4.92 million plus transfer taxes.

Pacific Television Center, a transmission and production company, bought the 5,068-square-foot penthouse unit, comprising the entire 12th floor, and 5,068-square-foot private roof at 39 West 29th Street between Broadway and Avenue of the Americas on March 25, property records made public April 2 indicate. Sisters Gisue Hariri and Mojgan Hariri, who established their firm in 1986, bought the unit in August 2005 for $1.8 million, public documents show. Read More

Sales Beat

International Center of Photography Closes on $23.5M Bowery Condo

250 Bowery.

The International Center of Photography has closed on a commercial condominium unit at 250 Bowery between East Houston and Prince Streets for $23.5 million, RKF announced.

The sale of the 11,000-square-foot space closed on Feb. 17, and will become home to ICP’s museum, currently at 1133 Avenue of the Americas, brokers involved in the sale said in a release. The new space includes 6,600 square feet on the ground floor and 4,400 square feet on the lower level of the 24-unit building. Read More

Sales Beat

Keystone, BIG Buy Four-Building Queens Portfolio [Updated]

56-48 Myrtle Avenue.

Keystone Equities and BIG have purchased a four-building portfolio on Ridgewood’s prime retail corridor from Hancock Myrtle Associates, owned by the Menninger Family Trust, for $6.75 million, the firms announced.

The 17,645-square-foot portfolio—which includes 56-48, 56-50, 56-52 and 56-54 Myrtle Avenue—consists of two retail stores, eight residential units and 8,800 square feet of development rights. The majority of the retail space is occupied by Joyce Leslie, a clothing, accessories and shoe store for juniors, which is paying far below market rents. Read More

Sales Beat

Atkins & Breskin Looking to Sell Eight Bushwick Properties for $17.5M

553 Wilson Avenue.

A bundle of mixed-use buildings in northwest Bushwick is on the market with an asking price of $17.5 million, Commercial Observer has learned.

Atkins & Breskin Company, a real estate investment company with properties mostly in Manhattan and Brooklyn, is selling eight rental buildings, dubbed the “Bushwick Multifamily Portfolio.” The package has a combined 32 residences and seven commercial spaces totaling 6,218 square feet, according to Ariel Property Advisors. The properties comprise a total 33,725 square feet. Read More

Sales Beat

MSKCC, Hunter College Close on UES Block for $226M [Updated]

Rendering of 525 East 73rd Street (Image: Perkins Eastman/Ennead Architects).

The New York City Economic Development Corporation has officially sold 525 East 73rd Street to Memorial Sloan-Kettering Cancer Center and Hunter College for $226 million.

The partnership, on the deed as Memorial Hospital for Cancer and Allied Diseases, has officially bought the property from the agency, which oversees the sale or lease of city-owned land to private companies. EDC and MSKCC officials confirmed the deal closed on Monday. It appeared in property records today. With the deed in hand, construction can begin on the nearly 1.2-million-square-foot complex near the East River following pushback from Upper East Side residents. Read More