The Real Deal reports that an affiliate of Ruder Finn has acquired the five-story, 34,000 square-foot commercial building at 425 East 53rd Street, in Midtown East, for $30.7 million. The building will be converted to office space to house the firm’s new headquarters, and Spagnolo Gisness & Associates is designing. The currently occupying tenants will vacant the building this summer.
Property owner Wonwoo Chang has filed applications for a four-story, four-unit residential building measuring 3,114 square feet at 32-29 44th Street, in the southeastern part of Astoria. Anastasios Giannopoulos is designing, and an existing single-story structure must first be removed.
Brownstoner reports the vacant lot at 1294 Bushwick Avenue, in southern Bushwick, as well as the three-story townhouse at No. 1296, are on the market as a development site for $1.25 million. The site is pre-approved for two buildings and a total of six units — the existing townhouse is to be kept and expanded under approved plans. An LLC had acquired the two lots for only $605,000 last year in April.
An LLC has filed applications for a four-story, 16-unit residential building measuring 15,800 square feet at the lots 1702-1706 Newkirk Avenue, in southern Flatbush. Richard J. Walsh, of Citiscape Consulting LTD, is the architect of record, and an existing three-story wood-framed structure must first be demolished.
Crain’s Business reports Nike has leased 147,000 square feet of office space at the Durst Organization’s 42-story, 570,000 square-foot mixed-use building at 855 6th Avenue, in Midtown South. The third through sixth floors will by occupied by Nike, and their lease will include the 15,000 square-foot outdoor deck. The building was revealed by YIMBY in 2014, and completion is expected in early 2016.
