David Werner Real Estate Investments Acquires Mixed-Use Asset At 205 East 42nd Street For $165M

The asset involved in this transaction is a mixed-use property located at 205 East 42nd Street in the Turtle Bay market. The sale was executed for $165,000,000, encompassing a total of 525,000 square feet, leading to a price per square foot of $314.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $165,000,000
• Address: 205 East 42nd Street
• Market: Turtle Bay
• Square Footage: 525,000
• Price per Square Foot: $314
• Buyer: David Werner Real Estate Investments (DWREI) - David Werner
• Seller: The Durst Organization
• Broker Representatives: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein & Meaghan Philbin - Newmark

This transaction features key individuals such as David Werner, representing the buyer, and The Durst Organization as the seller. The brokerage firm Newmark facilitated the deal, with a team that included Adam Spies, Douglas Harmon, and others instrumental in the completion of the transaction.