CSC Real Estate Acquires Office Potential Residential Conversion In Financial District For $45.19M

The property asset involved in the transaction is located at 75 Maiden Lane and 13 Gold Street in the Financial District of Manhattan. It comprises an office space with potential for residential conversion, featuring a building square footage (BSF) of 244,335 and a total square footage (SF) of 178,319. The sale price for the asset was $45,193,000, resulting in a price per building square foot (PPBSF) of $185 and a price per square foot (PPSF) of $253.

Summary of transaction details:

• Property Type: Office / Potential Residential Conversion
• Transaction Amount: $45,193,000
• Building Square Feet: 244,335
• Total Square Feet: 178,319
• Buyer: CSC Real Estate
• Seller: A.M. Property Holding
• Brokers: Zach Redding, Dylan Kane & Jared King - Colliers

The deal involved notable participants including CSC Real Estate as the buyer, who has acquired a significant asset in a prime market area, and A.M. Property Holding as the seller, offloading the property. The brokerage team comprised Zach Redding, Dylan Kane, and Jared King from Colliers, who represented the transaction, facilitating the sale process between the buyer and seller.