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Mark Wellborn

Two in Tribeca Go For $57 M.—Development, Anyone?

In late August, 401 Washington Street and 422 Greenwich Street, two industrial properties in north Tribeca, closed in a package deal for $57 million, according to city records. The total area for the buildings was approximately 67,400 square feet, so our math indicates that the buyer paid $845 per square foot.

The seller was Read More

Six Apartment Buildings Trade for $80.1 M.

Massey Knakal finished off a relatively quiet summer with a sizable residential portfolio deal.

In August, the company brokered the sale of the Alcoma Portfolio, a package of six Manhattan apartment buildings, for $80.15 million, according to Massey Knakal’s co-founder Bob Knakal.

The seller was the Alcoma Corporation, a nonprofit organization that has Read More

222 East 41st Street Closes for $319 M.

Wells Real Estate has closed on 222 East 41st Street for $319.8 million, according to city records. A press release was sent out in late August announcing that the 25-story office building had been sold. The seller is listed as Ceres Real Estate. The email accompanying the press release described the 390,000-square-foot property as a Read More

Condos Closing at Ian Schrager’s 40 Bond

A year and a half after sales started, almost half the residences at 40 Bond Street have been sold.

Eleven units have closed at Ian Schrager and Aby Rosen’s highly anticipated condominium project, according to city records. The seller on these deals has been listed as 40 Bond Street Partners, LLC, and the closing Read More

The Round-Up: Friday

The current housing market is making agents look at other careers. [NY Times]Problems persist in city public housing despite high-paid employees. [Daily News]Libreria Lectorum, the largest Spanish language bookstore in the city, will close its doors at the end of the month. [Daily News] Demolition work at the Deutsche Bank building site Read More