PropertyShark Staff
Top New York City Commercial Deals In August 2010
At the top of the list is a 24 story office tower located in Midtown. SL Green purchased it for $330 million on August 31 from Shorenstein Company LLC.
Resale Prices at 101 Warren Street Slightly Up Over the Developers Sale Prices
Less than a month ago it was announced that 101 Warren Street, the Tribeca condo development, had sold out. The building brought in sales of $650 million and the developer named it “by far the largest and most successful condominium offering in the history of Downtown Manhattan”. Of the 227 residential condos, 9 have been…
NYC residential listings with largest price cuts in the past week
Here are the top 3 listings of residential properties (coop units, condo units, single family homes) in NYC that we’ve found to have the largest total dollar price drops during the past week. You can click on the photo for more listing details or click on the address for a detailed property report. 812 Park…
Top 3 priciest apartments listed for sale this week in New York City
Here are the top 3 properties in New York City with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 941 Park Avenue #14/15A, Upper East Side, NY 10028 Coop Beds: 4 Baths:…
Long Island, Hamptons: Potential Deals Coming Up At the Auction
Our attention was drawn by a Curbed Hamptons post on a $485,000 loss (over the previous purchase price) of a Montauk beach house. The property, located at 20 Gilbert Road, was reportedly bought in 2006 for $1.2 million, repossessed by the bank in April 2009, according to our records, and then sold at an online…
W Union Square Sale Closes for $185 million
The widely reported sale of W Union Square to a venture led by Host Hotel & Resorts got closed on September 2nd, our records show. The sale price was $185,250,000. Istithmar, the private-equity arm of Dubai World, bought the hotel for about $282 million in 2006, the Wall Street Journal reports, but defaulted in October…
AvalonBay buys 7th Property at Bridge and Willoughby Streets in Brooklyn
AvalonBay Communities Inc., the Virginia-based developer and property manager of luxury apartment communities, has acquired another property (the seventh!) on the corner of Bridge and Willoughby streets in Brooklyn, NY. The property, a 3,000 square foot mixed-use building, is located at 92 Willoughby Street and was acquired for a little over $15.3 million. It comes,…
Centre Island Home Closing at $8.2 Million, the Most Expensive in Nassau County
A 8,760 square foot single-family home in Centre Island sold for $8,235,000, according to our records, to become the most expensive home sold so far this year in Nassau County, NY. The property was built in 2006, and the owner, Stephen Gatfield, CEO of Loewe Worldwide, put it on the market just two years later,…
N.Y.U. Acquires Third Floor at the Silk Building
New York University has bought the third floor at the Silk Building for $9,914,314, according to city records published yesterday. The commercial condo unit was owned by Abs Partners Real Estate LLC, who bought it for $5,350,000 in 2006. According to our records, N.Y.U was already a tenant of the 3rd floor space. This is…
Manhattan Transactions Growth Nearly Stalled in July but Prices Rose Significantly
The first two quarters of 2010 saw a big increase in the number of closed apartment sales in Manhattan compared to the same quarters in 2009. The average year over year rate of closed transactions each month was 75.8% higher for the first six months of the year. However that monthly increase almost disappeared in…
PropertyShark.com Launches InstantAds, a Self-Service Advertising Platform to Reach Real Estate Buyers and Sellers
New York, NY, August 27, 2010 – PropertyShark.com, the premier real estate data website, today officially launched InstantAds, a self-service advertising platform to let businesses and real estate professionals create a text or banner ad and have…
Top New York City Commercial Deals In Q2 2010
PropertyShark has identified the top New York City commercial deals that happened during Q2 2010. Here are the top five: 452 5 Avenue, New York, NY 10018 At the top of the list is the HSBC Bank headquarter. The office building went into contract in 2009 for $330 million according to the Wall Street Journal….
Mercedes-Benz Pays $189.7 Million for New Manhattan Dealership
Mercedes-Benz USA has paid $189.7 million for 330,000+ square feet of retail and office space at 770 eleventh avenue, a deed recorded last week shows. The space will host the German automaker’s new flagship dealership in Manhattan. It is the first and only company-owned dealership in the US and it is expected to set the…
Site of a 32-Story Residential Development Site in Manhattan to be Auctioned Tommorow
The site of a 32-story residential tower on the Upper East Side is scheduled for auction tomorrow, August 5th, in one of the largest non-mortgage foreclosure auctions in years. The lien amount is $9,677,028. The property, a former garage located at 1113 York Avenue was designed to host 173 rental units in a 32-story structure,…
Top NYC properties scheduled for auction in Q2 2010 and their outcome
1,380 properties were scheduled for auction in the five boroughs of New York City in the second quarter of 2010 for a total lien amount exceeding $1.2 billion. We have taken a look at the properties with the highest lien amounts foreclosed upon in the past quarter and discovered how they fared at auction. 1….
Top 3 priciest homes listed for sale last week in Suffolk County
We found the top 3 properties in Suffolk County with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 5 Eel Cove Road, Suffolk County, NY 11975 Single Family Home Village: East Hampton…
New York City’s REO Program – A Year On
Over a year ago the City of New York started a new program to facilitate home ownership for low- and medium-income families in some of New York’s hardest hit neighborhoods, thus preventing the further decline of those neighborhoods severely impacted by foreclosures. Under the REO Program, the City will use a third-party non-profit organization –…
American Realty Capital buys Interior Design Building for $32.7 Million
A deed recorded yesterday, July 8th 2010, shows that American Realty Capital has bought the Interior Design Building at 306 East 61st Street for $32,755,955, or $561 per square foot. The building features 51,640 square feet of office space and 6,700 of retail space. American Realty Capital has invested in several properties in New York…
Top 3 priciest apartments listed for sale last week in Manhattan
Here are top 3 properties in New York City with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports. 80 Columbus Circle #PH77B, Upper West Side, 10019 Condo Beds: 4 Baths: 5.5 Asking…
Gravesend home quietly breaks price per square foot record in the outer boroughs
The recent closing of one of the most expensive (sixth ever!) single family homes in Brooklyn at 2009 East 3rd Street didn’t stir much reaction in the media. Only Brownstoner covered it in its weekly section – Last Week’s Biggest Sale. The most exciting fact about the sale was not necessarily the $7.1 million that…