Top Most Expensive NYC Office Sales in January 2016

The office market started 2016 at full speed as several deals closed for prime spaces in Manhattan neighborhoods such as SoHo and Midtown. Though the priciest deals recorded were for Manhattan buildings, Queens also takes several spots in the list of most expensive sales, reasserting its position as a hot market for office spaces and the borough to keep an eye on in 2016.

490 Broadway, SoHo (sale price: $140M)
490 Broadway, SoHo (sale price: $140M)


Most expensive office building sold

The deal that stole all the attention was closed at 490 Broadway, also known as the Haughwout Building, an NYC landmark.

It was bought by the real estate investment firm Ponte Gadea New York LLC.



Here are January’s most expensive office buildings in NYC:


Top NYC Office Sales January 2016

#AddressBoroughSale Date Recorded DateSale Price
1490 BroadwayManhattan1/8/20161/15/2016$140,000,000
2425-431 Park AvenueManhattan12/21/20151/7/2016$55,016,950
3123-127 Lafayette StreetManhattan1/12/20161/29/2016$33,500,000
4316 5 AvenueManhattan12/28/20151/13/2016$32,000,000
540-16 76 StreetQueens12/22/20151/5/2016$8,960,000
61502 West 1 StreetBrooklyn12/18/20151/4/2016$5,400,000
75-7 East 59 StreetManhattan1/8/20161/29/2016$5,000,000
862-07 Woodside AvenueQueens12/18/20151/7/2016$4,100,000
992-37 Metropolitan AvenueQueens12/28/20151/6/2016$2,628,368
101648-1650 Eastern ParkwayBrooklyn12/21/20151/28/2016$2,300,000
11109-07 Jamaica Avenue
& 109-11 Jamaica Avenue
127 West 34 StreetManhattan10/12/20151/27/2016$1,500,000
1341-02 31 AvenueQueens12/22/20151/14/2016$1,350,000
143079 Brighton 13 StreetBrooklyn12/21/20151/4/2016$1,200,000
151554 Astor AvenueBronx12/17/20151/27/2016$367,000
Andra Rus

Andra Rus

With 10+ years of experience at PropertyShark, Andra covers the latest product updates and market reports for our blog. Her work has been featured in The Real Deal, Curbed, TimeOut, The Daily Mail, Business Insider, Crain’s New York.

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