Slate Property Group Acquires Mixed-Use Building In Midtown East For $37.7M

123 East 54th Street, a 66-unit 100% Free Market mixed-use building in Midtown East, has been sold for $37,700,000. The property offers 65,528 square feet of space and was purchased at a 4.03% in-place cap rate.

Summary of transaction details

• Property Type: Mixed-Use
• Sale Price: $37,700,000
• Square Footage: 65,528
• Address: 123 East 54th Street
• Market: Midtown East

JLL facilitated the sale of 123 East 54th Street. The buyers, Slate Property Group, were represented by Martin Nussbaum. The JLL team involved in the deal includes Guthrie Garvin, Clint Olsen, Jack Norton, Stephen Godnick, and Bradford Burton, showcasing their expertise in the NYC investment sales market and their extensive network of active investors looking for properties across all asset types.

If you have a building that requires valuation, Guthrie Garvin from JLL can be reached at 917-412-9996 or [email protected].