Chart of the Week: Priciest NYC Office Buildings in Q2 2012

There was a 7% increase in office building sales in NYC in Q2 2012 over the previous quarter, PropertyShark’s commercial real estate quarterly report shows. This accounted for $2.83 billion in volume, which was slightly more than what Q1 2012 realized ($2.52 billion).

A higher number of transactions compensated for the fact that prices paid for commercial properties were generally lower. For example, the ten most expensive office buildings had lower price tags than last year, ranging from $100 million to almost $300 million.

What is noteworthy, however, is that the biggest transaction–the office building at 14 Wall Street and a New York City landmark at the same time–was an all-cash purchase that astonished the real estate commercial market in April.

Take a look at how much investors paid for these ten priciest office buildings in Q2 2012:

Address

Price

Date Sold

14 Wall Street, Manhattan $294,408,183 04-Apr-2012
4 New York Plaza, Manhattan $270,000,000 23-May-2012
212 Broadway, Manhattan $230,000,000 29-May-2012
233 Spring Street, Manhattan/161 Ave of the Americas, Manhattan $200,000,000 08-May-2012
1372 Broadway, Manhattan $200,000,000 11-Jun-2012
1372 Broadway, Manhattan $166,271,844 11-Jun-2012
128 Prince Street, Manhattan & 130 Prince Street, Manhattan $150,000,000 31-May-2012
148 Lafayette Street, Manhattan $140,500,000 10-May-2012
1370 Broadway, Manhattan $126,500,000 18-Apr-2012
323 Hudson Street, Manhattan $110,000,000 24-Apr-2012
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.