Demir Sabanci Acquires Mixed-use Property At 45 West 57th St From Peter Lax For $29.5M

The asset involved in this transaction is a mixed-use property located at 45 West 57th St, which was sold for $29,500,000.00. This sale represents a significant transaction within this asset class in the market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $29,500,000.00
• Buyer: Demir Sabanci
• Seller: Peter Lax
• Brokers: Josh Augenbaum (Augenbaum Realty)
• Date of Sale: 12/21/2010

The key individuals involved in this transaction include Demir Sabanci, who acted as the buyer in acquiring the property, and Peter Lax, the seller who transferred ownership. The brokerage firm Augenbaum Realty was represented by broker Josh Augenbaum in facilitating the deal.