Feb
22
Midtown Manhattan Office Asset Changes Hands in $83M Deal
ByThe new owner plans a complete creative office remake in order to attract tenants from Manhattan’s fast-growing technology, advertising, media and information sector.
New York—NGKF recently announced that it has closed the sale of 250 W. 54th St., a 145,170-square-foot loft office building in Midtown Manhattan. Zar Property NY LLC acquired the asset from Ascot Properties LP for $83.1 million. According to Yardi Matrix data, the sale was subject to a five-year loan in the amount of $58 million, held by Signature Bank.
The seller was represented by Paul Davidson and Roy Lapidus, senior managing directors of NGKF, along with NGKF Capital Markets Managing Director Chip Porter…
Midtown Manhattan Office Asset Changes Hands in $83M Deal
