Aurora Capital Associates Acquires Office Building At 405-409 W 13th Street, Manhattan For $65M

The office building located at 405-409 W 13th Street in New York City has been sold for $65,000,000. The property spans 32,000 square feet, equating to a price per square foot of $2,031. This transaction took place in the Manhattan market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $65,000,000
• Square Footage: 32,000
• Price Per Square Foot: $2,031
• Address: 405-409 W 13th Street, New York
• Market: Manhattan

The seller of the property was Richard Copell, while the buyers were Aurora Capital Associates represented by Bobby Cayre and Jared Epstein.

It is worth noting that the property was involved in a 99-year ground lease with an option to purchase in 5 years.