Alberto Smeke Saba Of CSC Real Estate Acquires Office Building From Peter F. Cervinka For $10M

The asset involved in this transaction is an office building situated at 136 East 57th Street, located in Midtown East, Manhattan. The sale price for the property was $10,000,000, covering an area of 102,917 square feet, resulting in a price per square foot of $97.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,000,000
• Buyer: Alberto Smeke Saba - CSC Real Estate
• Seller: Peter F. Cervinka - Cerco Funding
• Square Footage: 102,917
• Market: Midtown East, Manhattan
• Price Per Square Foot: $97

In this transaction, Alberto Smeke Saba represented CSC Real Estate, while Peter F. Cervinka represented Cerco Funding. Notably, the Smeke family, through 136 Prop Co LLC, acquired the ground lease from Cerco Funding, simultaneously obtaining the fee from Silk & Halpern in a no-consideration transfer.