10 biggest commercial NYC transactions in Q1 2011

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.

666 5th Avenue
    666 5th Avenue
    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.

214 E 42 Street
    214 E 42th Street
    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.

600 5th Avenue
    600 5th Avenue
    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.

AddressNeighborhoodSale dateSale price
666 5 Avenue #1Midtown40606$331,661,026
214 E 42 StreetEast Midtown40625$297,682,500
600 5 AvenueMidtown40576$165,000,000
290 3 AvenueEast Midtown40619$122,500,000
685 3 AvenueEast Midtown25-Jan-11$100,332,536
1412 Avenue Of The AmericasMidtown18-Jan-11$72,000,000
123 Greenwich St & 78 Trinity PlTribeca40590$65,000,000
80-00 Cooper AvenueGlendale40602$53,750,000
101 W 87 StreetUpper West Side18-Jan-11$48,000,000
636 Avenue Of The AmericasMidtown12-Jan-11$45,230,000

Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.