Republic Of Palau Acquires Mixed-Use Property On East 50th St. For $3.73M

The mixed-use property located at 409 E. 50th St. in Midtown East has been sold in a recent transaction. The property spans 3,340 square feet and was sold for a price of $3,730,000, resulting in a price per square foot of $1,116.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,730,000
• Address: 409 E. 50th St.
• Market: Midtown East

The buyer in this transaction is the Republic of Palau, represented by Ilana Seid. The seller is Tommasa Asta. Anthony Celifarco, a broker, facilitated the deal.

Notably, the property will be converted into the new embassy for the Republic of Palau. Anthony Celifarco worked directly with the seller, the President of Palau, and his team of ambassadors and attorneys throughout the transaction.