New York City has already seen a strong start for the year in the commercial properties sector with 3 recorded sales over $50,000,000 since the beginning of 2010. In comparison with the past year, the biggest transaction in January 2009 was a $11.75 million deal in the Bronx, involving an apartment building and an adjacent parking space.
The biggest recorded sale to happen so far in 2010 was the 299 Park Avenue stake sold by UBS for over $160,000,000. The buyer is the real estate investment firm Rockpoint Group, the New York Post reported.
The second largest transaction was the JP Morgan Chase bank sale of 4 New York Plaza for $107,000,000 to Harbor Group International.
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