Recent Commercial Real Estate Transactions

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RECENT SALE

$15.5 MILLION

17 West 20th Street (between Fifth Avenue and Avenue of the Americas)

Manhattan

A local property owner has bought this 1910 six-story, mixed-use loft building in the Flatiron district. The 16,724-square-foot elevator building is vacant except for an Interim Multiple Dwelling tenant occupying half of the third floor. A restaurant, Spoon & Tbsp, formerly occupied the 3,400-square-foot ground-floor retail space. The building, now being renovated for commercial use and already 90 percent leased, could offer up to 22,000 buildable square feet subject to approval by the Landmarks Preservation Commission.

Buyer: 196 Nevins and HH West 20th

Seller: Sealand Realty Corporation

Broker: Robert Dankner, Prime Manhattan Residential

FOR LEASE

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$350/SQ. FT.

$945,000 approximate annual rent

Courtyard by Marriott and Residence Inn

1717 Broadway (at West 54th Street)

Manhattan

A 10-year lease is available for a 2,700-square-foot retail space, with 1,500- and 1,200-square-foot divisions being considered, on the ground floor of this 67-story corner skyscraper. The entire retail space offers 210 feet of wraparound frontage. The building houses the dual-branded Courtyard by Marriott and Residence Inn hotel and is across 54th Street from the Ed Sullivan Theater, where CBS tapes “The Late Show With Stephen Colbert.”

Owner: Ronnie Gross, Granite Broadway Development

Broker: David Ho, Christopher Okada and Giancarlo Pattugalan, Okada & Company

RECENT LEASE

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$178.57/SQ. FT.

$1.2 million approximate annual rent

372-376 West Broadway (between Broome and Spring Streets)

Manhattan

A developer with condominiums at 125 Greenwich Street and 656 Broome Street has signed a three-year lease for 6,720 square feet on the ground, second and third levels in this 1947 three-story SoHo building with five commercial units. In February, the developer will take possession of the space and use it as a sales office and showroom. A Tommy Hilfiger store was the previous occupant.

Tenant: Broome Property Owner JV

Landlord: 376 West Broadway Enterprises

Brokers: Faith Hope Consolo, Douglas Elliman Real Estate