NEW YORK CITY-In a single transaction, two properties in the Meatpacking District were sold for $70 million by Christopher West Realty LLC. The adjacent properties, 414 and 416-418 W. 14th St., were purchased by 414 W. 14th Owners LLC and CRP West 14th Street TIC Owner LLC, also known as The Carlyle Group and Sitt Asset as a spokesperson for Carlyle confirms.
Christopher West Realty purchased the buildings in March 2006 for $18.5 million. A source close to the deal tells GlobeSt.com that the buildings were delivered vacant because of a renovation construction which is currently continuing.
A five-story, 9,905-sf building occupies 414 W. 14th St. It was designed by architect Joseph Dunn and built in 1887. 416-418 W. 14th St. consists of a 16,148-sf building designed by S.W. Johnson and built in 1874. It was originally referred to as the Merchant's Print Works Warehouse. Both properties are zoned commercial and contain air rights for additional floors above the existing buildings. Thelen Reid Brown Raysman & Steiner LLP acting as legal advisor for the seller.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
