Michael Kors Outlet Aby Rosen's RFR Realty sold a two-story corner retail property at 451 Lexington Avenue

July 04 [Wed], 2012, 16:48
Michael Kors Outlet Aby Rosen's RFR Realty sold a two-story corner retail property at 451 Lexington Avenue at 45th Street in Midtown for $28. 7 million. A Connecticut-based buyer identified as 451 Lexington Realty went into contract on the purchase. RFR Realty bought the 13, 585-square-foot property in 1992 for an undisclosed sum. A one-story portion of the property is leased to fast food-restaurant Sbarro while a two-story portion is leased to McDonalds. There are three other tenants as well.

Michael Kors Handbags Outlet SL Green Realty has agreed to buy close to $391 million worth of office and retail investments from Gramercy Capital. As part of the deal, SL Green will own the land and lease fee for three properties, the Lipstick Building at 885 Third Avenue, 2 Herald Square and 292 Madison, but will also assume about $266 million in debt. SL Green will pay $39 million to buy Gramercy's 45 percent joint venture interest in the Lipstick Building, $26 million for their interest in 2 Herald Square and $19 million for 292 Madison's land and lease fee.

Michael Kors Handbags Developer Craig Nassi sold the former Midtown offices of the Jewish Daily Forward to a Los Angeles-based entity called NYC Hotel 33 LLC for $20 million in a quick flip after buying the property the same day from the long-time owners. Nassi's BCN Development had planned to build a 108-unit condominium at the six-story site at 45 East 33rd Street known as the Workmen's Circle building. The West Village's Bleecker Street is now home to the third-most expensive storefronts in the city. Three properties were sold this week for $34 million, or $6, 700 a square foot. Private real estate investment firm Beck Street Capital sold 367-369, 382-384 and 387 Bleecker Street, with tenants such Michael Kors and Burberry signing long-term leases. Since 2003, Fifth and Madison avenues have been the only retail areas to fetch higher prices than the West Village.Cheap Michael Kors Outlet
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