Nov 25, 2020
Subleasing Commercial Properties in New York
What are the benefits and potential legal issues that may arise in commercial subleasing, for both NYC sublessors and sublessees?
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Manhattan Market Overview
No. of residential properties
287,359
No. of commercial properties
31,440
No. of upcoming foreclosures
37
No. of foreclosures in the past 12 months
296
| Q1/2019 | Q2/2019 | Q3/2019 | Q4/2019 | |
|---|---|---|---|---|
| Median sale price | $1,100,000 | $1,329,343 | $995,000 | $998,500 |
| No. of transactions | 2,552 | 3,771 | 2,960 | 2,768 |
| Q1/2019 | Q2/2019 | Q3/2019 | Q4/2019 | |
|---|---|---|---|---|
| Sales volume | $6.3B | $8.2B | $12.1B | $6.4B |
| No. of transactions | 236 | 286 | 191 | 213 |
| Address | Sale price | Sale date |
|---|---|---|
| 30 Hudson Yards Tw | $2,155,000,000 | 06/14/2019 |
| 711 Fifth Ave | $909,267,500 | 08/22/2019 |
| 424-434 Fifth Ave | $850,000,000 | 02/08/2019 |
| 425 Park Ave | $616,755,254 | 11/25/2019 |
| 450 W 15th St | $591,800,000 | 05/22/2019 |
| Address | Tax amount | Tax year |
|---|---|---|
| 22 E 71st St | $721,879 | 2019/2020 |
| 25 Columbus Cir Sph76 | $517,534 | 2019/2020 |
| 220 Central Park S 50 | $510,856 | 2019/2020 |
| 520 Park Ave Dph54 | $441,013 | 2019/2020 |
| 520 Park Ave Dph60 | $441,013 | 2019/2020 |
This page was last updated on 2020-02-11
New For Sale Listings in New York City
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Nov 27, 2020
Apple Leases 2 Additional Floors in Midtown Office Building
Apple recently announced it had signed its biggest lease yet in New York City — a 336,000-square-foot office space in Midtown Manhattan.
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Nov 18, 2020
Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Atherton remains priciest zip code at $7 million, followed by Sagaponack, Malibu & Beverly Hills, as California again dominates top 100 ranking.
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