SOLD
Empire Capital Holdings Acquires Mixed-Use Building In New York For $22.3M
Midtown South company secures bargain deal on Diamond District midrise building.
Sold 337 days ago
Summary
Sale
MISSISSIPPI
TA Realty has sold a mixed-use office building in the Diamond District of New York for $22.3 million. The property, located at 1200 Sixth Avenue, was purchased by Empire Capital Holdings, a real estate firm based in Midtown South. This transaction represents a significant decrease in price compared to TA Realty's acquisition cost six years ago.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $22,300,000
- Address: 1200 Sixth Avenue, New York
- Market: New York
Empire Capital Holdings, represented by Ebi Khalili, Josh Rahmani, and Aaron Bergman, successfully acquired the mixed-use office building from TA Realty. The sale marks a strategic move for Empire Capital Holdings, as they expand their real estate portfolio in the Diamond District. On the other hand, TA Realty has completed the transaction, optimizing their investment by selling the property for nearly half of their original acquisition cost.
Details
SOLD
IMAGE: Ebi Khalili, Josh Rahmani & Aaron Bergman
DATE: 06/07/2023
ADDRESS: 1200 Sixth Avenue
MARKET: New York
ASSET TYPE: Mixed-Use
BUYER: Empire Capital Holdings (@EmpireCapitalHoldings) - Ebi Khalili, Josh Rahmani & Aaron Bergman
SELLER: TA Realty
SALE PRICE: $22,300,000
NOTE: TA Realty sold a mixed-use office building in the Diamond District for $22.3 million to Midtown South-based real estate firm Empire Capital Holdings, nearly halving its acquisition cost from six years ago.View on map
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AddressMidtown South company secures bargain deal on Diamond District midrise building.
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