The eight-story building is situated on the northeast corner of Broadway and 4th Street in Greenwich Village. It was an abandoned property when it was purchased by the National Audubon Society in 1989. The not-for-profit conservation organization renovated the facility and made it a model of green office technology.
In March, Jared Kushner was reportedly in contract to buy the building for $80 million, but the sale fell through. In Dec. 2006, Lincoln Property purchased the Greenwich Village building for $53 million from the National Audubon Society in an off-market transaction, as GlobeSt.com previously reported. At the time, the building was almost completely leased with non-for-profit tenants.
The building at "700 Broadway is a 19th century masterpiece with a timeless design," says James Stein, SVP of Lincoln's New York City office, who represented the seller in the sale. "The asset is a groundbreaking facility and offers energy-efficient, environmentally responsible workspace to the new owner." Stein tells GlobeSt.com that Lincoln is "pleased with the transaction" and wished the buyers "much success with their asset," but he declines to offer anything further.
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