PropertyShark has put together a list of the top 10 closed commercial property sales that happened in New York City in the first quarter of 2011. Here are the top three.
The priciest commercial transaction in Q1 2011 involved the retail condominium located at 666 Fifth Avenue that sold in March for $331 million. According to the Wall Street Journal, the Inditex Group of Spain acquired the 32,000 square feet for a new Zara store.
In second place is the building located in East Midtown at 214 E 42th Street. This hotel was bought by Host Hotels & Resorts Inc. for $297 millions in March.
In third place is the office building located at 600 Fifth Avenue in Midtown. The property was sold for $165 million in February 2011.
Below is the complete list of the top 10 commercial sales during Q1 2011. Click on an address for a detailed property report.
|Address||Neighborhood||Sale date||Sale price|
|666 5 Avenue #1||Midtown||40606||$331,661,026|
|214 E 42 Street||East Midtown||40625||$297,682,500|
|600 5 Avenue||Midtown||40576||$165,000,000|
|290 3 Avenue||East Midtown||40619||$122,500,000|
|685 3 Avenue||East Midtown||25-Jan-11||$100,332,536|
|1412 Avenue Of The Americas||Midtown||18-Jan-11||$72,000,000|
|123 Greenwich St & 78 Trinity Pl||Tribeca||40590||$65,000,000|
|80-00 Cooper Avenue||Glendale||40602||$53,750,000|
|101 W 87 Street||Upper West Side||18-Jan-11||$48,000,000|
|636 Avenue Of The Americas||Midtown||12-Jan-11||$45,230,000|