LENY Acquires Property From FCA For $65 Million With Buyer's Rep Carl Schwartz And Douglas Hoffmann

The transaction involves the acquisition of a vacant commercial building situated at 611 W 56th St, New York, NY, 10019. The property was sold for $65,000,000.00 and is located in the New York market. The square footage of the building is not specified.

Summary of transaction details:

• Property Type: Commercial Building
• Transaction Amount: $65,000,000.00
• Buyer: LENY
• Seller: FCA
• Buyer's Representative: Carl Schwartz, Douglas Hoffmann - Hunton & Williams LLP
• Note: The joint venture plans to demolish the existing structure and redevelop the site into a 35-story residential condominium building designed by Alvaro Siza.

The deal was supported by the legal advisory team from Hunton & Williams, including Carl Schwartz, Susan Saslow, Douglas Hoffmann, and Michal Baum, who assisted the joint venture in the acquisition process.