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…
Weekly chart: Top 10 Manhattan neighborhoods by office space
It’s Manhattan, it’s morning, and it’s time to go to the office. In case you were wondering what neighborhoods devote  the largest total areas of office space to the working crowd in Manhattan, here is our weekly chart to consider: There’s no doubt about number 1 — Midtown Manhattan, New York’s largest commercial district and…
Commercial Transactions in New York City up 52% Y-o-Y
Q1 2012 was the fourth consecutive quarter in which the commercial real estate market in New York City accounted for more than $4 billion in sales ($4.98 billion), recording a 52% Y-o-Y increase. In terms of commercial transactions, the 849 sales closed in Q1 2012 were up by 25% over the first quarter of 2011…
Sales Pick Up in New York City’s Hospitality Market in 2011
In line with the general commercial real estate market trend, the New York City hospitality sector saw a robust growth in 2011, with over $3.2 billion in sales. Sales were up 148% over 2010, and up by a whopping 524% over 2009. Moreover, 2011 saw the volume of sales reach a 5-year high. The figures…
Biggest Real Estate Commercial Sales of 2011 in NYC
As first reported by The Real Deal, 2011 saw a rise in the number of commercial transactions in NYC. A very long distance away from the gloomy days of 2009, the 10 biggest sales of 2011 accounted for $5.76 billion in volume of transactions. Nine of the ten deals that make up the top 10…
New York: Multifamily Sales See Best Quarter in Four Years
Multifamily building sales in New York City totaled $2.5 billion in Q3 2011, the highest value seen in the past 15 years.
Top 10 Properties with the Highest Real Estate Tax in NYC
What properties contribute the most to New York City’s tax revenue stream?
NYC Commercial Transactions Increase in Q1 2011
The number of commercial transactions increased by 8% in NYC in Q1 2011 over Q4 2010 and rose by 28% compared to Q1 2010. With 251 commercial deals, Brooklyn accounted for 40% of the total transaction volume while Manhattan (194) compiled 31%. Browse current commercial spaces in New York City.
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 The priciest commercial transaction in Q1 2011 involved the retail condominium located at 666 Fifth Avenue that sold in March for…
NYC Top 10 Commercial Deals in February 2011
The priciest commercial transaction in February 2011 involved the office building located at 600 5th Ave, which sold for $165,000,000.
Walnut Hill Group Buys Midtown Hotel for $43.8 Million
Our records show that Walnut Hill Group, the California-based real estate investment group, has acquired the Holiday Inn Express at 15 West 45th Street for $43,865,680. This seems* to be the first property purchased by the Walnut Group in New York. Magna Hospitality Group was the seller in this transaction. Magna Hospitality Group bought the…
Most expensive multifamily buildings sold in 2010 in NYC
We created an interactive map showing the most expensive multifamily buildings sold in Manhattan, Brooklyn and Queens. Click on the map to get more details on the properties. In Manhattan the top three transactions involved the rental buildings sold by Harry Macklowe. The first involves the Rivertower at 420 East 54 Street in East Midtown,…
Top 10 Queens Commercial Deals of the Last Year
PropertyShark has put together a list of the top 10 commercial transactions in Queens that closed during 2010. At the top of the list we find the store building located at 92-06 Atlantic Ave, sold by the PathMark Stores for $36,488,888 in November 2010. Below is the complete list of the top 10 most expensive…
Top 15 commercial transactions in Manhattan in 2010
PropertyShark has identified the top 15 commercial deals in Manhattan that closed during 2010, and we put together an interactive map to show the location of these properties. The most expensive transaction involved the office building at 103 8th Avenue bought by Google for $1,770,000,000, followed by the commercial condo unit at 11 Madison Ave…
Fort Greene’s Cartlon Mews Changes Hands Yet Again
The development site in Fort Greene known as Carlton Mews has been resold, yet again, this time for $4.1 million. The development site, which encompasses a church, a townhouse and two vacant lots, was most recently acquired in December 2009 for $5.75 million, by Sprain Brook Realty. Sprain Brook Realty apparently shared a CEO with…
Top Multifamily Buildings sold in 2010 in NYC through 3 quarters
Here are what we found to be the top multifamily homes sold in the three quarters of 2010 in Manhattan, Brooklyn and Queens. We made 3 interactive maps showing what were the most expensive buildings bought in each of the three boroughs.
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.
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…
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…
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