Roxana Baiceanu 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.
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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. |
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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. |
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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 |
