New York City

GFI Realty Services has brokered the $3-million sale of 100Eighth Avenue, also known as 262-264 W. 15th St. The two-story andthree story walkup buildings, consisting of two stores and threeapartment units, sold for approximately $766 per square foot. YosefKatz and Roni Aboudi of GFI Realty Services represented theundisclosed seller and Shawn Sadaghati represented the3,915-square-foot property's buyer, who was not identified. The newowner plans extensively upgrade the property in order to utilizethe full upside potential and keep the property as a long-terminvestment. Financing came from the seller.

Superior Office Systems is expanding into a full-floor space,signing a long-term lease for 11,000 square feet at SamcoProperties' 49 W. 37th St. An authorized Canon dealer, the companyis relocating from a 6,000-square-foot office at 240 W. 35th St.Marc Schoen and Brian Neugeboren of Savitt Partners representedSuperior Office in lease negotiations. Jeff Smith acted on behalfof Samco. Asking rents at the 17-story, 120,000-square-foot officebuilding are $35 per square foot.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.