Weatherley Family Sells Midtown South Office At 16 West 39th Street For $18M

The property at 16 West 39th Street is located in the Midtown South market and consists of office space totaling 51,231 square feet. The sale was executed for a price of $18,000,000, resulting in a price per square foot of $351. The asset was previously leased to Lord & Taylor for over 50 years and is connected to 424 Fifth Avenue, the former Lord & Taylor flagship, which is now Amazon's new NYC Tech HQ.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Address: 16 West 39th Street
• Market: Midtown South
• Square Footage: 51,231
• Price Per Square Foot: $351
• Seller: Weatherley Family
• Brokers: Paul Massey & Alex Woodlief - B6 Real Estate Advisors; Zach Redding & Dylan Kane - Colliers International
• Buyer: A high-net-worth private investor
• Co-Listing: Property was co-listed with Colliers International

The transaction involved notable brokers from B6 Real Estate Advisors and Colliers International, with Paul Massey and Alex Woodlief representing the seller, while Zach Redding and Dylan Kane from Colliers International were also involved in the deal. This collaborative effort facilitated the successful sale of the asset.