Newmark Brokers Facilitate $92.5M Sale Of Midtown Manhattan Office Building To GDS And Sabal Investment Holdings

The office building located at 146 West 57th Street in Midtown Manhattan has been sold in a transaction. The property spans 263,273 square feet and was sold for a price of $92,500,000, resulting in a price per square foot of $351.

Summary of transation details

• Property Type: Office
• Transaction Amount: $92,500,000
• Address: 146 West 57th Street
• Market: Midtown Manhattan

The buyers involved in this transaction are Alan Rudikoff from GDS, and Michael Kirschmann and Tal Seder from Sabal Investment Holdings. The seller is Jochen Klosges from Aareal Bank.

The deal was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Adam Spies, Christopher Kramer, Adam Doneger, and Evan Layne from Newmark.