Igal Namdar Of Namdar Realty Group And Empire Capital Holdings Acquire Office Retail Asset For $275M

The asset involved in this transaction is located at 250 West 57th Street in the Manhattan market. It is categorized as an office and retail property, encompassing a total square footage of 541,311. The sale price was $275,000,000, with a price per square foot calculated at $508.

Summary of transaction details:

• Property Type: Office / Retail
• Transaction Amount: $275,000,000
• Address: 250 West 57th Street
• Market: Manhattan
• Square Footage: 541,311
• Price Per Square Foot: $508
• Buyer: Igal Namdar - Namdar Realty Group; Ebi Khalili, Josh Rahmani & Aaron Bergman - Empire Capital Holdings
• Seller: Tony Malkin - Empire State Realty Trust
• Brokers: Adam Spies, Douglas Harmon, Joshua King, Adam Doneger, Marcella Fasulo, Avery Silverstein, Benjamin Lushing & Calypso Peraticos - Newmark

The buyers in this transaction consist of Igal Namdar representing Namdar Realty Group alongside Ebi Khalili, Josh Rahmani, and Aaron Bergman, who are affiliated with Empire Capital Holdings. The seller is Tony Malkin, representing Empire State Realty Trust. Several brokers facilitated the transaction, including Adam Spies, Douglas Harmon, Joshua King, Adam Doneger, Marcella Fasulo, Avery Silverstein, Benjamin Lushing, and Calypso Peraticos from Newmark.