MKF Realty Acquires Mixed Use Property In Union Square From Related Companies For $211.4M

The mixed-use property located at 1 Union Square South in Union Square has been sold in a recent transaction. The property is zoned for various uses, including C6-1, C6-4, and US zoning. The sale took place in November 2020.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $211,375,000
• Address: 1 Union Square South
• Market: Union Square

The buyer of the property is MKF Realty, who acquired it from the seller, Related Companies, represented by Stephen Ross. The sale was facilitated by a team of brokers from Meridian Capital Group, including Helen Hwang, Karen Wiedenmann, Brian Szczapa, Yasmin Kheradpey, Brian Gladstone, and Ernie Nichols.

The transaction involved a loan amounting to $120,000,000, provided by Fannie Mae. The broker representing the lender in this deal was Rael Gervis from Meridian Capital Group.