Real Estate
Over $9 billion in Man. real estate sold in 2019
BY ALEX MITCHELL
Brokers sold more than $9
billion in real estate across
Manhattan, according to a
report released Monday.
Manhattan real estate made up
a net total of $9.25 billion, representing
80 percent of the city’s top
50 commercial sales list compiled
by Metro Manhattan Offi ce Space.
The fi rm’s Dec. 16 report is based
on rolling sales data from the
city’s fi nance department’s data on
closed sales from January through
October, according to the website.
The ever-booming Hudson
Yards topped the list after WarnerMedia
sold its own vessel at 30
Hudson Yards to Related Companies
for a whopping $2.155 billion
back in June.
Related combined with Allianz
on the deal with a $1.4 billion
CMBS loan from Deutsche Bank,
Goldman Sachs and Wells Fargo,
according to Manhattan Offi ce
Space.
AP PHOTO/MARK LENNIHAN
This April 1, 2019, photo shows the Long Island Railroad storage yards and
buildings at Hudson Yards in New York. Amazon has signed a lease for a new
office space in Manhattan that will house more than 1,500 employees, less
than a year after pulling out of a deal for a larger headquarters in the borough
of Queens after politicians and activists objected to nearly $3 billion in incentives.
Amazon said the new office in a building near Hudson Yards will open in
2021.
Google’s acquisition of another
Chelsea property, the Milk
Building at 450 West 15th St., for
$591,800,000 also made the peak
of the list as the fourth largest offi ce
sale of the year.
“Developers are working hard to
keep up with the demand for NYC
offi ce space, from building groundup
developments in areas like Hudson
Yards to taking on redevelopment
or adaptive reuse projects
in neighborhoods like Chelsea or
Brooklyn’s Williamsburg,” the report
stated.
The largest individual real estate
deal outside of Manhattan this year
took place in The Bronx.
The BankNote building in Hunts
Point saw a $64,582,900 transfer
from Madison Marquette to iStar in
August, which was the 24th largest
in the city, according to the report.
That 400,000-square-foot, renovated
offi ce space, visible from the
Bruckner Expressway, isn’t the only
major property expected to see a
boom in 2020.
The Villager Sales Guide
Listings selected at random. Courtesy StreetEasy.com and Google Maps
GREENWICH VILLAGE CHELSEA LOWER EAST SIDE SOHO
West 9th Street West 17th Street South Street Crosby Street
Under $1 million
105 West 13th Street #2B
Price:$949,000
Studio
Bathrooms: 1
Broker: Elliman
Under $3 million
3 Great Jones Street #5
Price: $1,495,000
Beds: Studio
Bathrooms: 1
Broker: Stephen P. Wald
Under $5 million
32 West 9th Street
Price: $3,120,000
Beds: 2
Bathrooms: 2
Broker: Elliman
Under $1 million
305 West 18th Street #5B
Price:$939,000
Beds: 1
Bathrooms: 1
Broker: Immac
Under $3 million
450 West 17th Street #1118
Price: $2,295,000
Beds: 2
Bathrooms: 2z
Broker: Southebys
Under $5 million
130 West 19th Street #THC
Price: 4,495,000
Beds: 3
Bathrooms: 2.5
Broker: Douglas Elliman
Under $1 million
453 FDR Drive #C501
Price:$565,000
Beds: 1
Bathrooms: 1
Listed by Loho
Under $3 million
252 South Street #38L
Price: $2,823,000
Beds: 2
Bathrooms: 2
Broker: Extell
Under $5 million
252 South Street #75C
Price: $3,849,000
Beds: 3
Bathrooms: 3
Broker: Elliman
Under $1 million
264 West 22nd Street #10
Price:$560,000
Beds: 1
Bathrooms: 1
Broker: Level
Under $3 million
41 Crosby Street
Price: $2,650,000
Beds: 2
Bathrooms: 2
Broker: Elliman
Under 5M
565 Broome Street #N8E
Price:$4,500,000
Beds: 3
Bathrooms: 3.5
Broker: Douglas Elliman
26 December 19, 2019 Schneps Media
/StreetEasy.com
