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Tishman Realty Acquires Package Deal Of Midtown West Resi Condos For $87.4M

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SOLD
$87,400,000

New York

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76,900 SF
Sold 04/20/2021
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Property Image
SOLD

Tishman Realty Acquires Package Deal Of Midtown West Resi Condos For $87.4M

505 West 43rd Street, New York, NY 10036

See Similar Deals
76,900 SF
Sold 04/20/2021
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Summary

NEW YORK
Price Per Square Foot:$1,136
Total Square Footage:76,900 SF
Transaction Type:Sale

Located in Midtown West, 505 W. 43rd Street was recently sold in a package deal transaction. The property, consisting of residential condos, was purchased by Tishman Realty from Mi & Co Development. The sale was facilitated by brokers Yoav Oelsner and Glenn Tolchin from Upland Property Advisors. The architectural design of the property was done by ODANewYork, while the interior design was handled by LemayEscobar. The sale price for the property was $87,400,000, with a total of 70 units. This translates to a price per unit of $1,250,000. The property spans a total of 76,900 square feet, resulting in a price per square foot of $1,136.

Summary of transaction details

  • Property Type: Package deal (Resi Condos)
  • Transaction Amount: $87,400,000
  • Address: 505 W. 43rd Street
  • Market: Midtown West

The sale of 505 W. 43rd Street involved various key individuals and companies. Yoav Oelsner and Glenn Tolchin, representing Upland Property Advisors, played a crucial role in facilitating the transaction. Their expertise in the real estate market contributed to the successful completion of the deal. It is worth noting the collaboration between architects ODANewYork and interior designers LemayEscobar, who ensured that the property was designed with both aesthetic appeal and functionality in mind.

Players

Glenn Tolchin
13 deals$715.4M volume
BROKER

Yoav Oelsner
Upland Property Advisors
11 deals$606.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Yoav Oelsner & @GlennTolchin DATE: 04/20/2021 ADDRESS: 505 W. 43rd Street (@CharlieWestNYC) MARKET: Midtown West ASSET TYPE: Package deal (Resi Condos) BUYER: Tishman Realty SELLER: Mi & Co Development BROKERS: Yoav Oelsner (@YoavOel) & @GlennTolchin - Upland Property Advisors ARCHITECT: @ODANewYork INTERIOR DESIGNER: @LemayEscobar SALE PRICE: $87,400,000 UNITS: 70 ~ PPU: $1,250,000 SF: 76,900 ~ PPSF: $1,136

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