UBS Sells Midtown Manhattan Office Building At 135 West 50th Street For $8.5 Million

An office building located at 135 West 50th Street in Midtown Manhattan has been sold for a price of $8.5 million. The property encompasses approximately 920,000 square feet, translating to a price per square foot of $9. The sale represents a significant reduction from the original acquisition price of $332 million by UBS in 2006.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,500,000
• Address: 135 West 50th Street
• Market: Midtown Manhattan
• Seller: Steven Jacobs & Sergio Ermotti - UBS
• Broker: Ten-X
• Square Footage: 920,000
• Price per Square Foot: $9

This transaction involved Steven Jacobs and Sergio Ermotti representing UBS as the seller. The broker for the transaction was Ten-X. Prior to this sale, UBS acquired the land for $279 million in 2012 and later sold it to Safehold in 2019 for $285 million.