Josh Arash Rahmani Of Empire Capital Holdings Acquires Midtown Manhattan Commercial Properties For $50M

Empire Capital Holdings acquired two commercial properties located at 229 West 36th Street and 256 West 38th Street in Midtown Manhattan for $50,000,000. This acquisition represents a significant decrease from the $157,000,000 that Investcorp paid for the properties in 2017.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $50,000,000
• Buyer: Josh Arash Rahmani - Empire Capital Holdings
• Seller: Mohammed Alardhi & Rishi Kapoor - Investcorp
• Brokers: Doug Middleton & Jack Stillwagon - CBRE
• Market: Midtown Manhattan

Josh Arash Rahmani represented Empire Capital Holdings in this transaction. The deal was brokered by Doug Middleton and Jack Stillwagon from CBRE, who facilitated the sale between the buyer, Empire Capital Holdings, and the sellers, Mohammed Alardhi and Rishi Kapoor of Investcorp.