LMR Assets Acquires Office At 148 Madison Avenue In NoMad For $31.3M

The office property located at 148 Madison Avenue in NoMad was sold by Steve Klein to Jack Saadeh, Victor Saadeh, and Jack Yadid of LMR Assets. The transaction was facilitated by brokers Joshua Nazar and Soly Halabi from Venture Capital Properties. The sale price for this asset was $31,300,000, with a total square footage of 80,000 and a price per square foot of $391.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $31,300,000
• Address: 148 Madison Avenue
• Market: NoMad
• Seller: Steve Klein
• Buyer: Jack Saadeh, Victor Saadeh & Jack Yadid - LMR Assets
• Brokers: Joshua Nazar & Soly Halabi - Venture Capital Properties
• SF: 80,000
• PPSF: $391

Jack Saadeh, Victor Saadeh, and Jack Yadid of LMR Assets were the buyers of the office property. The seller, Steve Klein, completed the transaction with the assistance of brokers Joshua Nazar and Soly Halabi from Venture Capital Properties. This deal represents a significant transaction in the NoMad market involving key individuals and companies.