Sentry Realty Acquires 275,000-square-foot Office Building At 1370 Broadway For $75.5M

The office building at 1370 Broadway, located in Manhattan, has been sold for $75.5 million. The property covers a total area of 275,000 square feet, with a price per square foot of $275.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $75,500,000
• Square Footage: 275,000
• Price per Square Foot: $275
• Buyer: Alen Mamrout, Joe Mamrout, Shlomo Althkefati, Yossi Althkefati - Sentry Realty; Kevin Chisholm - 60 Guilders
• Seller: R. Scott Dennis - Invesco Real Estate
• Brokers: Adam Doneger, Adam Spies, Avery Silverstein, Douglas Harmon, Joshua King, Marcella Fasulo - Newmark
• Lender: Joshua Pack, Drew McKnight - Fortress Investment Group
• Mortgage Brokers: Jordan Roeschlaub, Nick Scribani - Newmark

Sentry Realty acquired the building with the participation of Kevin Chisholm’s firm, 60 Guilders, as part of the ownership group on January 16, 2025. The transaction was facilitated by a team of brokers from Newmark, who played a significant role in completing the deal.