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New York City

Location and air rights were major factors in the $700 per square foot commanded by 7-9 W. 51st St., a mixed-use property near Rockefeller Center that sold to an undisclosed foreign buyer this week for $31.5 million. Eastern Consolidated negotiated the transaction on behalf of the Parkoff Organization, the seller of the nine-story, 43,774-square-foot office/retail building, which includes 14,400 square feet of vacant retail space. An Eastern Consolidated team of Eric M. Anton, Ronald A. Solarz, David Schechtman, Roberto Ortiz and Marcia Rose Yawitz procured the buyer. Attorneys in the transaction included Andrew Albstein of Goldberg, Weprin, Finkel and Goldsmith, who represented the seller; and William Kaplan of Fox Horan & Camerini LLP, who acted for the buyer.

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