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Ripco Targeting Temp Retailers for East 86th Street Building

Source: Commercial Observer Before its time to demolish a corner property to make way for a big residential project, Ripco Real Estate is hoping to lease Stillman Development‘s roughly 15,000-square-foot building on East 86th Street to pop-ups or temporary operators, Commercial Observer has learned. Ripco, which was tapped to lease the two-story building, is seeking [...]

Cape Advisors Acquires Tribeca Building for $35M

Source: Commercial Observer Real estate development and investment firm Cape Advisors has acquired 149-151 Church Street in Tribeca for $35 million, according to property records filed with the city. The mixed-use property, also known as 102 Chambers Street, features 26,150 square feet of residential space and 6,650 square feet of commercial space, according to PropertyShark. [...]

Joint Venture Buys 517 Second Avenue for $5.1M

Source: Commercial Observer A joint venture between The Kalikow Group and Ben Haghani and Misha Haghani of Steelpoint Property Group has acquired the mixed-use property at 517 Second Avenue from Rana Associates for $5.1 million. The four-story building features a ground-floor restaurant and vacant apartments on the second, third and fourth floors. A one-bedroom apartment [...]

Richly decorated Dorilton unit asks $10M

Source: The Real Deal A intensely decorative unit in the Upper West Side’s tony Dorilton building has hit the market asking $9.99 million. The 1902 Beaux-Arts co-op building, located at 171 West 71st Street, has been called the “the most flamboyant apartment house in New York,” by Columbia University’s architecture historian Andrew Dolkart, and the [...]

BNY Mellon Agrees to Sell HQ for $585M

Source: Commercial Observer Bank of New York Mellon has agreed to sell its 1 Wall Street headquarters in Lower Manhattan to a joint venture led by Macklowe Properties for $585 million, according to announcement made by the financial services company today. The deal, brokered by CBRE, is expected to close in the third quarter. The [...]