An office building once owned by John Jay 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 workspace and conference facilities. Jay has a conference center on the building’s third floor that can accommodate 300 guests.
The 12-story building boasts early 20th-century Beaux-Arts design with an ornate facade and intricate detailing. It’s across the street from the former Lord & Taylor building that’s now home to Amazon.
Neary’s reborn — with new name
The Neary’s mystery is solved. The building at 358 E. 57th St., where the fabled Irish pub closed last month after 50 years, was sold to the nightlife-happy Martignetti brothers, Thomas and Anthony. The duo, who run several popular Manhattan spots, bought the small building St. from the Neary family for $3.2 million, city Finance Dept. records show.
Anthony Martignetti appeared before Community Board 6 on July 25 to discuss a liquor license transfer application, 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 bistro East Pole on East 65th Street and Melody’s Piano Bar on Lexington Avenue.
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