Marcus Partners And Dalan Mgmt Acquire Midtown South Office Property For $54.5M

Located in Midtown South, the office property at 10-12 East 33rd Street in New York has recently been involved in a closed transaction. The property spans 70,000 rsf and was sold for a price of $54,500,000, resulting in a price per square foot of $778.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $54,500,000
• RSF: 70,000
• PPSF: $778

The seller of the property was Dalan Management, while the buyer was a joint venture between Marcus Partners and Dalan Management itself. Leading the deal as the broker was Mo Beler, along with Glenn Tolchin, Anthony Ledesma, and Max Herzog from JLL NY Capital Markets.