Archive for September 2010
Top New York City Commercial Deals In August 2010
At the top of the list is a 24 story office tower located in Midtown. SL Green purchased it for $330 million on August 31 from Shorenstein Company LLC.
Read MoreResale Prices at 101 Warren Street Slightly Up Over the Developers Sale Prices
Less than a month ago it was announced that 101 Warren Street, the Tribeca condo development, had sold out. The building brought in sales of $650 million and the developer named it “by far the largest and most successful condominium offering in the history of Downtown Manhattan”. Of the 227 residential condos, 9 have been…
Read MoreNYC residential listings with largest price cuts in the past week
Here are the top 3 listings of residential properties (coop units, condo units, single family homes) in NYC that we’ve found to have the largest total dollar price drops during the past week. You can click on the photo for more listing details or click on the address for a detailed property report. 812 Park…
Read MoreTop 3 priciest apartments listed for sale this week in New York City
Here are the top 3 properties in New York City with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 941 Park Avenue #14/15A, Upper East Side, NY 10028 Coop Beds: 4 Baths:…
Read MoreLong Island, Hamptons: Potential Deals Coming Up At the Auction
Our attention was drawn by a Curbed Hamptons post on a $485,000 loss (over the previous purchase price) of a Montauk beach house. The property, located at 20 Gilbert Road, was reportedly bought in 2006 for $1.2 million, repossessed by the bank in April 2009, according to our records, and then sold at an online…
Read MoreW Union Square Sale Closes for $185 million
The widely reported sale of W Union Square to a venture led by Host Hotel & Resorts got closed on September 2nd, our records show. The sale price was $185,250,000. Istithmar, the private-equity arm of Dubai World, bought the hotel for about $282 million in 2006, the Wall Street Journal reports, but defaulted in October…
Read MoreAvalonBay buys 7th Property at Bridge and Willoughby Streets in Brooklyn
AvalonBay Communities Inc., the Virginia-based developer and property manager of luxury apartment communities, has acquired another property (the seventh!) on the corner of Bridge and Willoughby streets in Brooklyn, NY. The property, a 3,000 square foot mixed-use building, is located at 92 Willoughby Street and was acquired for a little over $15.3 million. It comes,…
Read MoreCentre Island Home Closing at $8.2 Million, the Most Expensive in Nassau County
A 8,760 square foot single-family home in Centre Island sold for $8,235,000, according to our records, to become the most expensive home sold so far this year in Nassau County, NY. The property was built in 2006, and the owner, Stephen Gatfield, CEO of Loewe Worldwide, put it on the market just two years later,…
Read MoreN.Y.U. Acquires Third Floor at the Silk Building
New York University has bought the third floor at the Silk Building for $9,914,314, according to city records published yesterday. The commercial condo unit was owned by Abs Partners Real Estate LLC, who bought it for $5,350,000 in 2006. According to our records, N.Y.U was already a tenant of the 3rd floor space. This is…
Read MoreManhattan Transactions Growth Nearly Stalled in July but Prices Rose Significantly
The first two quarters of 2010 saw a big increase in the number of closed apartment sales in Manhattan compared to the same quarters in 2009. The average year over year rate of closed transactions each month was 75.8% higher for the first six months of the year. However that monthly increase almost disappeared in…
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