A&E Real Estate Acquires Mixed-Use Property In Sutton Place For $130M
SOLD
$130,000,000
+ 3
New York
See Similar DealsMixed-use290,403 SF
Sold 04/01/2021
SOLD
A&E Real Estate Acquires Mixed-Use Property In Sutton Place For $130M
400 East 57th Street, New York, NY 10022, USA
See Similar DealsMixed-use290,403 SF
Sold 04/01/2021
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$447
Total Square Footage:290,403 SF
Transaction Type:Sale
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.
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