On the Market: 5 Interesting CRE Listings for the Week of 5/23
This week's most interesting listings include a converted former U.S. Marine hospital and a renovated pre-war building in New York's Chelsea neighborhood.
On the Market is a new department curating the week’s most interesting for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Mallory Bulman, Associate Editor.
222-224 West 21st St.
Location: New York, N.Y.
Price: $32.9 million
Price/Unit:Â $1,220,370.37
Units: 27
Building Size: 22,437 SF
Highlights: All units free market, including two Section 8 units; hallways and majority of units were recently renovated; unit amenities include large layouts, stainless steel appliances, Bosch washers and dryers, stone countertops and high-end finishes; located two blocks from the 1 train and three blocks from the F and M trains; located in Chelsea within walking distance to popular neighborhood dining spots like Momofuku Nishi, Il Bastardo and Bar Veloce.
Contact: Brock Emmetsberger, Cushman & Wakefield, 212-696-2500 x 7776
Riverside Palms
Location: Tampa, Fla.
Price: $21 million
Units: 351
Price/Unit: Â $59,829.06
Building Size:Â 319,660 SF
Built: 1972
Highlights: Unit mix of 32 efficiency apartments, 192 one-bedroom units, 69 two-bedroom units and 58 three-bedroom units; located within close proximity to Busch Gardens and Adventure Island; located less than 3 miles from the main campus of the University of South Florida; local employers include major medical centers H. Lee Moffitt Cancer Center, James A. Haley Veteran’s Hospital and University Community Hospital as well as manufacturing centers for Coca-Cola, Pepsi and Yuengling Beer.
Contact: Franklin Street Real Estate Services, 813-345-5887
Wolf Village
Location: Pueblo, Colo.
Price: $20 million
Units: 102
Price/Unit:Â $196,078.43
Building Size:Â 136,108 SF
Highlights: Advertised as the only private, purpose built student housing community serving Colorado State University at Pueblo (CSU-Pueblo); located adjacent to CSU-Pueblo at the southern tip of the campus; adjacent 12.5 acres of land fully entitled for expansion.
Contact: John Laratta, Berkadia Real Estate Advisors, 303-607-0025
Ponce Entrance
Location: Miami, Fla.
Price: $18.9 million
Units: 59
Price/Unit:Â $320,762.71
Building Size:Â 98,880 SF
Built: 2014
Highlights: Located in A-plus submarket of Coral Gables, Fla.; unit mix of two studios, 18 one-bedroom/one-bath apartments, 35 two-bedroom/two-bath apartments and four three-bedroom/two-and-a-half-bath apartments; unit amenities include ceramic tile flooring, central air, individual hot water heaters and large closets; ample gated parking onsite; close proximity to Coral Gables trolley system.
Contact: Paul Nudelman, Marcus & Millichap, 786-522-7069
The Park at Cedar Lawn
Location: Galveston, Texas
Units: 192
Building Size:Â 190,697 SF
Built: 1985
Lot Size: 5.93 acres
Highlights: Located three blocks south of Broadway Street, Galveston’s main thoroughfare; adjacent to Cedar Lawn subdivision, Galveston’s first fully planned luxury residential neighborhood; community has 48 historic units which were converted from a former U.S. Marine hospital built in the 1930s; community amenities include a swimming pool, deck patio with barbecue grills, three gazebos with picnic areas, a laundry center and a dog park.
Contact: Ed Cummins, III, Transwestern, 713-272-1288
