Columbia Property Trust Sells 149 Madison Avenue Office Building In New York City For $77M

The sale of an office asset located at 149 Madison Avenue in New York City has been completed. The property, spanning 128,000 square feet, was sold by Columbia Property Trust, with Adam Frazier representing the seller. The buyer's representatives in the transaction were Albert Sultan and Ike Bibi from KSR, while the seller was represented by Brett Siegel and Evan Layne from Newmark. The transaction took place on 02/06/2023, with a sale price of $77,000,000. The price per square foot was calculated as $602.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $77,000,000
• Address: 149 Madison Avenue
• Market: New York City
• SF: 128,000
• Seller: Columbia Property Trust - Adam Frazier
• Buyer's Rep: Albert Sultan & Ike Bibi - KSR
• Seller's Rep: Brett Siegel & Evan Layne - Newmark

The completion of this sale was facilitated by the involved parties, including the respective representatives, Adam Frazier from Columbia Property Trust, and Albert Sultan, Ike Bibi, Brett Siegel, and Evan Layne for the buyer and seller. This transaction marks a significant deal in the office market.