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New York City buildings for sale

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last updated 02/26/08

Description Location Max Size Asking Price
E 47 St
Beautiful 8 story historic building consisting of 22,000 rentable square feet. FAR of 15 allows for additional 20,000 sq ft of air rights to be built on top of the building. Owner guarantees that you can build on top of building without taking down building. Building can be delivered vacant with DOB's approval for the use of the air rights. Owner will continue to pay rent for 18 months after closing with a 6% cap rate.
Price: $29,000,000
Midtown East    42000  $690 per SF
Manhattan
Portfolio of several vacant office buildings for sale. Great locations, great buildings, close to each other. Each can be sold separately.
Total sf: 427,073
Price: $249,837,705
Midtown    427073  $585 per SF
7 Ave S
Retail building for sale.
Building size: 2380 sq ft
Building dimensions: 34 X 70
Max allowed FAR 3.44
Buildable: 8,400
Zoning: C2-6
Asking: $3,700,000
West Village    8400  $440 per SF
Ave A
A 5 story, 22' wide, 4 unit (licensed bar and restaurant, performance space, office or residential unit, and a residential duplex with a roof deck), walk-up mix-use building, located in the East Village Neighborhood.
Renovated in 2004.
Total above grade square footage of approximately 6,788 SF.
The building consist of a turn-key restaurant and bar on the ground floor with a fully finished basement that contains an office and recording space connected to the performance space on the second floor. The second floor contains a service bar performance space with top of the line sound equipment and a green room. The third floor was built as a 2BR/1BTH residential apartment that has been converted into
commercial space, it can be converted back to residential. The residential duplex on the fourth and fifth floor has and
roof deck of approximately 700SF that opens up from the lower level and roof access that leads to approximately
500SF of open space on the roof. The duplex can be delivered vacant and is currently on a month/ month lease.
Projected NOI: $330,000
Projected cap rate: 8%
PRICE: $4,100,000
East Village    6000  $789 per SF
5 Ave
Development site.
Lot size: 25 x 100
Zoning C6-4 (R10 Equivalent)
FAR-10.(increase to 12 for inclusionary Housing)
Total Buildable: sf 25,000 sq ft
Asking price $17,500,000
Greenwich Village    25000  $700 per SF
10 Ave
Hotel development site.
Aprox. 200,000 buildable s/f
Asking $65,000,000
Meatpacking District    200000  $325 per SF
Financial District
Development site for sale.
300,000 sq. ft. buildable
Lot dimensions 135' x 100'
Zoned for hotel or any other commercial use.
Asking: $97,500,000
Downtown    300000  $325 per SF
W 18 St
160,000 sq ft office building for sale at $89,000,000
Building dimensions 100' x 180'
Will be delivered vacant.
Zoning district C6-2A
Chelsea    162000  $549 per SF
Florida
82,500 sq ft Shopping center
10 Acres of land
500 parking spaces
16 High-end tenants, long term leases.
Current income: $1,238,160
Proforma 2008 income: $1,438,160
Gross income: $1,400,000
Expenses: $254,000
NOI: $1,184,000
96% leased, can be delivered 100% occupied
Price: $12,500,000
Cap rate: 9.5% !
Florida    82500  $150 per SF
W 55 St
Hotel development site.
Far 5.0
Buildable 18,100 square feet
Lot: 30' X 100'
Owner has approved plans to build a 40 unit hotel with a 2 story high end restaurant.
9 story total rising to 105 feet high, this boutique hotel will yield over 1 million net revenue once operated turning this development opprtunity to a fantastic investment.
Sale Price: $9,500,000
Midtown West    18100  $524 per SF
Manhattan
Ultra Luxury A class Apartment building for sale: $150,000,000
170 apartments
Gross income: 5,108,000
Great future condo conversion.
Midtown    155000  $641 per SF
2 Ave
Charming 4 Story building with 3 one bedroom furnished rental apartments all with fireplaces. Each are rented short-term at $2,600/month. A small duplex retail /office space rents at $3,246/mo at street level and below.
Asking: $2,500,000
Building dimensions: 22' X 25'
As built: 2,100 s/f
Buildable: 4,100 s/f
Annual Rental Income approx: $132,552
Total Annual Expenses: aprox $30,000
NOI: 102,552
Cap rate: 4.1%
Gramercy    4100  $609 per SF
E 20 St
A 19.5 -wide, three-story plus English basement townhouse for sale. Located steps from Gramercy Park. Currently configured as two loft-style duplex apartments. South-facing garden. Ideal for single-family conversion, end-user or small development. The building is zoned C1-9A / R8B equivalent which has an F.A.R of 10 for commercial or residential. There are approximately 11,934 sq.ft. of available air rights.
Size: 19.5' x 78' (Built 42'-deep)
As built: 3,200 s/f
Buildable: 15,200 s/f
Asking: $4,100,000
Gramercy    15200  $269 per SF
W 36 St
5 Story office building for sale.
7,700 sq. ft. as built
FAR 10
19,700 sq. ft. buildable
Zoning: M1-6
Lot dimensions 20 ft x 98.75 ft
Asking $8 Mil
Midtown West    19750  $405 per SF
W 39 St
5 story mix use building for sale at $7,450,000.
Ground and 2nd floor are commercial, with floors 3 through 5 housing free market residential units. additional air Rights of 15,000sf / FAR of 10.
Total buildable: 22,000 s/f
Midtown West    22000  $338 per SF
W 37 St
Hotel development site. Close to Javits Center Expansion, Garment Center, Times Square. Potential to build a 20 story Hotel with 225 rooms.
Commercial (hotel 10.0 FAR) as of right
Purchasing District Improvement Bonus of 14,812 square feet commercial (Hotel 12.0 FAR)
Zoning: C6-4M Special Garment Center Preservation District
Survey, plans for hotel, boring, environmentals completed.
Price: $31,000,000
Midtown West    82000  $378 per SF
4 Ave
Hotel development for sale with approved plans for 22,000 s/f.
Asking price: $21 mil
Union Square    32000  $656 per SF
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