Sovereign Partners Acquires Office Building On East 56th Street In New York For $110M

A prime office property located at 126 East 56th Street in New York is currently under contract. The transaction involves the sale of the property for a price of $110,000,000. The asset is classified as an office building and is being sold by Pearlmark Real Estate, with Stephen Quazzo representing the seller. On the buyer's side, Sovereign Partners, led by Cyrus Sakhai and Darius Sakhai, is acquiring the property.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $110,000,000
• Address: 126 East 56th Street, New York

Representing the buyer during the transaction are Adam Spies, Doug Harmon, and Josh King from Newmark. They are acting as brokers for Sovereign Partners. It is noteworthy that Stephen Quazzo is also involved in the deal, but as a representative of the seller, Pearlmark Real Estate.