Candor Capital Acquires Office Condo In Murray Hill For $8.25M

Ben Meshel and Adam Ibrahim of Candor Capital have closed on the acquisition of an office condo in Murray Hill. The property, located at 345 East 37th Street, spans 16,079 square feet and was sold for $8,250,000. This transaction was facilitated by broker Adelaide Polsinelli of Compass Commercial New York, representing the buyer.

Summary of transaction details

• Property Type: Office Condo
• Transaction Amount: $8,250,000
• Address: 345 East 37th Street
• Market: Murray Hill
• Buyer: Ben Meshel and Adam Ibrahim - Candor Capital
• Seller: @60Guilders
• Broker: Adelaide Polsinelli - Compass Commercial New York
• Square Footage: 16,079
• Price per Square Foot: $515

Candor Capital's acquisition of this office condo marks their post-COVID investment in the medical office sector. They have already deployed $20 million this year and plan to invest an additional $20-$30 million in the New York metropolitan area throughout 2021.