The property involved in this transaction is a vacant office condominium located at 133-135 West 52nd Street, New York, NY, in the New York market. The transaction was completed for a price of $46,000,000.00 and encompasses a total area of 56,000 square feet. This six-story property sits at the base of a 47-story residential tower.

Summary of transaction details:

• Property Type: Office Condominium
• Transaction Amount: $46,000,000.00
• Address: 133 W 52nd St, New York, NY, 10019
• Square Footage: 56,000
• Seller: Long Wharf Real Estate Partners
• Buyer: Beekman Real Estate Investment Management
• Seller's Representative: Glenn Tolchin (Upland Property Advisors)
• Deal Closed: Friday
• Price per Square Foot: Approximately $770

Ariel Lahmi's company, Beekman Real Estate Investment Management, acquired the property and is planning renovations, with consideration to potentially relocating his operations into one of the floors. The sellers, MRP Realty and Long Wharf Real Estate Ventures, previously purchased the condo for $36.3 million from the Chetrit Group in September 2015. The brokers representing the sellers in this deal include Anthony Ledesma, Yoav Oelsner, and Glenn Tolchin from JLL.