Midtown Equities, Centaur Properties & Cipriani Redevelop Famous Landmark Building In Financial District

The famous landmark building located at 10 South St in the Financial District has been sold in a closed transaction. The property is a mixed-use asset, with a total square footage of 144,000. The deal was facilitated by brokerage firm JLL NY Capital Markets.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $80,000,000
• Lender: Acore Capital
• Landlord: Midtown Equities, Centaur Properties & Cipriani

The key individuals and companies involved in the transaction include Jonathan Schwartz, Aaron Appel, David Sitt, Eliott Zeitoune, Joe Cayre, and Maggio Cipriani. They played integral roles in the successful completion of the deal, representing the interests of the parties involved. It is important to note that the Sponsor plans to redevelop the landmark building, but further details about the redevelopment are yet to be disclosed.