Michael Beyda Of Benchmark Properties Acquires Office Condo From Nigel Portwood For $40M

The transaction involved a condo located at 355 5th Avenue in Murray Hill, Manhattan. The sale was completed for a total price of $40,000,000 for a space of 99,730 square feet, translating to a price per square foot of $401.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $40,000,000
• Buyer: Michael Beyda - Benchmark Properties
• Seller: Nigel Portwood - Oxford University Press
• Square Footage: 99,730
• Price Per Square Foot: $401

Oxford University Press sold its 165,000-square-foot office condo, which included floors 8–13 of the landmark B. Altman & Company Building, to Benchmark Properties and partner families.