Nathan Wasserman & Paul Wasserman Acquire Office Building From David J. Gilbert For $133M

The office asset located at 119 West 40th Street in Manhattan's Garment District was sold for $133,000,000. The property encompasses 304,345 square feet, translating to a price per square foot of $437.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $133,000,000
• Buyer: Nathan Wasserman & Paul Wasserman - AM Property Holdings
• Seller: David J. Gilbert - Clarion Partners
• Market: Garment District, Manhattan

AM Property Holdings, represented in this transaction by Nathan Wasserman & David J. Gilbert, acquired the property through the entity 114 W 41 Owner Bh LLC, aiming to enhance cash-flowing operations.