Elad Group And Silverstein Properties Acquire Mixed-Use Property In Manhattan For $67M

625 West 59th Street, a mixed-use property located in New York City's Manhattan market, recently sold for $67,000,000. Spanning 67,000 square feet, this property offers a prime investment opportunity.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $67,000,000
• Address: 625 West 59th Street
• Market: Manhattan

The sale of 625 West 59th Street involved several key individuals and companies. Marian Stoltz-Loike, Ph.D., the Dean of Lander College for Women, represented the buyer in this transaction. Cushman & Wakefield's Richard Bernstein and Mark S. Weiss served as the deal's brokers, while The Elad Group, led by Yitzhak Tshuva, and Silverstein Properties, headed by Larry Silverstein, were the selling entities. This transaction highlights the collaborative effort between these prominent figures in the real estate industry.