Taconic Investment Partners and TIAA’s Nuveen Real Estate pay $230M to Silverstein Properties for office property in Lincoln Square

Taconic Investment Partners and TIAA’s Nuveen Real Estate through the entity 125 West End Associates LLC paid Silverstein Properties’s Silverstein Galaxy Property Owner LLC $230.0 million for 121 West End Avenue, 121 West End Avenue, West End Avenue in Lincoln Square. The deal closed on October 30, 2019, and was recorded on October 31, 2019. The transaction consists of 3 parcels, including the tax class O6.
Eastdil Secured’s Gary Phillips, Brett Siegel and Jeff Organisciak brokered the sale. The last time the property sold was June 15, 2018, when Silverstein bought it as part of a larger $1.15 billion package.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on February 4, 2013.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,791,946. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $928,995.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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