An office building once owned by John Jacob Astor has sold for the first time in 82 years. Jay Properties bought 8 W. 38th St. 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 workspaces and conference rooms. Jay has a conference center on the third floor of the building that can accommodate 300 people.
The 12-story building features an early 20th-century Beaux-Arts design with an ornate façade and intricate details. It sits across the street from the former Lord & Taylor building that now houses Amazon.
Neary’s rebirth — with a new name
The Neary mystery is solved. The building at 358 E. 57th St., where the famed Irish pub closed last month after 50 years, has been sold to nightlife-loving Martignetti brothers Thomas and Anthony. The duo, who run several popular Manhattan establishments, bought the small St. building from the Neary family for $3.2 million, according to city Department of Finance records.
Anthony Martignetti appeared before Community Board 6 on July 25 to discuss a liquor license transfer request, which the board’s licensing committee approved without dissent.
He said the new Neary’s, which would have a different name, would be an Irish restaurant – a “modern version of what Neary’s was.”
The Marignettis also run the East Pole Bistro on East 65th Street and Melody’s Piano Bar on Lexington Avenue.
