New York Commercial Real Estate | < 1 minute read
Top Most Expensive NYC Office Sales in January 2016
BY Andra Rus | Feb 24, 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)
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
| # | Address | Borough | Sale Date | Recorded Date | Sale Price |
|---|---|---|---|---|---|
| 1 | 490 Broadway | Manhattan | 1/8/2016 | 1/15/2016 | $140,000,000 |
| 2 | 425-431 Park Avenue | Manhattan | 12/21/2015 | 1/7/2016 | $55,016,950 |
| 3 | 123-127 Lafayette Street | Manhattan | 1/12/2016 | 1/29/2016 | $33,500,000 |
| 4 | 316 5 Avenue | Manhattan | 12/28/2015 | 1/13/2016 | $32,000,000 |
| 5 | 40-16 76 Street | Queens | 12/22/2015 | 1/5/2016 | $8,960,000 |
| 6 | 1502 West 1 Street | Brooklyn | 12/18/2015 | 1/4/2016 | $5,400,000 |
| 7 | 5-7 East 59 Street | Manhattan | 1/8/2016 | 1/29/2016 | $5,000,000 |
| 8 | 62-07 Woodside Avenue | Queens | 12/18/2015 | 1/7/2016 | $4,100,000 |
| 9 | 92-37 Metropolitan Avenue | Queens | 12/28/2015 | 1/6/2016 | $2,628,368 |
| 10 | 1648-1650 Eastern Parkway | Brooklyn | 12/21/2015 | 1/28/2016 | $2,300,000 |
| 11 | 109-07 Jamaica Avenue & 109-11 Jamaica Avenue | Queens | 12/17/2015 | 1/4/2016 | $1,700,000 |
| 12 | 7 West 34 Street | Manhattan | 10/12/2015 | 1/27/2016 | $1,500,000 |
| 13 | 41-02 31 Avenue | Queens | 12/22/2015 | 1/14/2016 | $1,350,000 |
| 14 | 3079 Brighton 13 Street | Brooklyn | 12/21/2015 | 1/4/2016 | $1,200,000 |
| 15 | 1554 Astor Avenue | Bronx | 12/17/2015 | 1/27/2016 | $367,000 |
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POSTED IN: New York Commercial Real Estate
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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