SOLD
A&E Real Estate Acquires Mixed-Use Property In Sutton Place For $130M
400 East 57th Street
Mixed-use
290,403 SF
290,403 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
290,403 sqft
The mixed-use property located at 400 East 57th Street in Sutton Place was recently sold in a transaction valued at approximately $130,000,000. The property spans 290,403 square feet and consists of 263 units. The sale took place in April 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $130,000,000 (Approx.)
- Address: 400 East 57th Street
- Market: Sutton Place
A&E Real Estate, represented by James Patchett, acquired the property, while the seller was @SLGreen_Realty, represented by Marc Holliday and Andrew Matthias. The deal was facilitated by brokers Marc Sznajderman, Andrew Sasson, and Chad Sinsheimer from Cushman & Wakefield.
It's worth noting that A&E Real Estate is in contract to purchase @SLGreen_Realty's 41% stake in 400 E. 57th St., which contributed to the valuation of the property at approximately $130 million.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: James Patchett, Chad Sinsheimer, Marc Holliday, Andrew Sasson, Andrew Mathias & Marc Sznajderman
DATE: 04/2021
ADDRESS: 400 East 57th Street
MARKET: Sutton Place
ASSET TYPE: Mixed-use
BUYER: A&E Real Estate - James Patchett
SELLER: @SLGreen_Realty - Marc Holliday, Andrew Matthias
BROKERS: Marc Sznajderman, Andrew Sasson & Chad Sinsheimer - @AckmanZiff
TOTAL VALUE: $130,000,000 (Approx.)
SF: 290,403 ~ UNITS: 263
NOTE: A&E is in contract to purchase @SLGreen_Realty’ 41% stake in 400 E. 57th St., valuing the property at approx. $130 million.View on map
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Address400 East 57th Street
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