An office building once owned by John Jay Astor has sold for the first time in 82 years: Jay Properties purchased 8 West 38th Street from the Felder family for $35 million, or $250 per square foot.
The buyer is the investment arm of Jay Suites, a provider of flexible workspace and meeting facilities. Jay also has a conference centre on the third floor of the building that can accommodate 300 people.
The 12-story building boasts early 20th century Beaux Arts design with an ornate façade and exquisite detailing, and is located across from the former Lord & Taylor building, which now houses Amazon.
Neary is reborn with a new name
The Neary mystery has been solved: The building at 358 East 57th Street, where the legendary Irish pub closed its doors last month after 50 years, has been sold to nightlife enthusiasts Thomas and Anthony Martinetti. The duo, who run several popular Manhattan venues, bought the small building on the St. from the Neary family for $3.2 million, city finance department records show.
Anthony Martinetti appeared before Community Board 6 on July 25 to discuss the application for the transfer of the liquor license, which the board’s Licensing Committee approved without objection.
He said the new Neary’s will have a different name but will be an Irish restaurant and a “modern version of Neary’s.”
The Marinettis also run bistro East Paul on East 65th Street and Melody’s Piano Bar on Lexington Avenue.
