Meridian Capital Secures $125M Joint Venture For Development Site In Murray Hill | 534-540 3rd Avenue | Lipa Lieberman, Helen Hwang, Brian Szczapa, Simon Rosenfeld | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

118,500 sqft

The development site located at 534-540 3rd Avenue in Murray Hill, Manhattan, with a total of 155 units, was involved in a recapitalization and development joint venture. The deal size amounted to $125,000,000, covering a space of 118,500 square feet.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $125,000,000
Market: Murray Hill, Manhattan
Partners: Ranco Capital
Sponsor: Gilar Realty
Brokers: Helen Hwang, Brian Szczapa, Lipa Lieberman & Simon Rosenfeld - Meridian Capital Group

The deal involved key individuals such as Helen Hwang, Brian Szczapa, Lipa Lieberman, and Simon Rosenfeld representing Meridian Capital Group in the transaction.

Players

All
5

Agents
4
Agencies
1

Lipa Lieberman

Managing Director

$743.6M Sold

Helen Hwang

Senior Executive Managing Director

$1.7B Sold

Brian Szczapa

Senior Director

$1.3B Sold

Simon Rosenfeld

Senior Vice President of Production

$125M Sold

Meridian Capital Group

Details

Deal Summary

SOLD

IMAGE: AND DEVELOPMENT JOINT VENTURE IMAGE: Helen Hwang, Brian Szczapa & Simon Rosenfeld DATE: 03/08/2024 ADDRESS: 534-540 3rd Avenue MARKET: Murray Hill, Manhattan ASSET TYPE: Development Site ~ UNITS: 155 PARTNER: Ranco Capital SPONSOR: Gilar Realty BROKERS: Helen Hwang, Brian Szczapa, Lipa Lieberman & Simon Rosenfeld (@SimonRosenfeldNYC) - Meridian Capital Group (@Meridian.Capital.Group) DEAL SIZE: $125,000,000 SF: 118,500 UNITS: 155

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Address534-540 3rd Avenue

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