SOLD
Sam Chang's McSam Hotel Group Acquires Midtown Development Site For $140M
150 West 48th Street
Development Site
15,565 SF
15,565 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
15,565 sqft
A development site located at 150 W. 48th Street in Midtown has been sold in a closed transaction. The property, with a total square footage of 276,000, was purchased by Sam Chang of McSam Hotel Group for a price of $140,000,000. The asset type of this property is a development site with plans for a hotel.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $140,000,000
- Buyer: Sam Chang - McSam Hotel Group
- Seller: Rockefeller Group
- Address: 150 W. 48th Street, Midtown
Sam Chang, representing McSam Hotel Group, is the buyer in this transaction. The seller of the property is Rockefeller Group. It is important to note that Sam Chang mentioned his plans to wind down operations and retire next year in an interview with @WSJ.
Players
All
1
Agents
1
Details
SOLD
IMAGE: Daniel Moore & Sam Chang
DATE: 10/22/2019
ADDRESS: 150 W. 48th Street
MARKET: Midtown
ASSET TYPE: Development site
BUYER: Sam Chang – McSam Hotel Group
SELLER: Rockefeller Group PLANS: Hotel
PRICE: $140,000,000
BSF: 276,000 PPBSF: $507 ?
NOTE: Chang mentioned to @WSJ he plans to wind down operations and retire next year as the […]View on map
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Address150 West 48th Street
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