Extell Development Acquires Office Asset From American Jewish Committee For $39M In Manhattan

The property asset involved in the transaction is located at 165 East 56th Street in Manhattan, and it is classified as an office. The sale was executed for a total amount of $39,000,000, encompassing 59,000 square feet, resulting in a price per square foot of $661.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $39,000,000
• Address: 165 East 56th Street
• Market: Manhattan
• Square Footage: 59,000
• Price per Square Foot: $661
• Buyer: Extell Development
• Seller: American Jewish Committee
• Seller's Representatives: Daniel Kaplan, Doug Middleton & Justin Arzi - CBRE

The deal featured key individuals including representatives from CBRE, Daniel Kaplan, Doug Middleton, and Justin Arzi, who facilitated the sale on behalf of the seller, the American Jewish Committee. Their involvement was critical in navigating the transaction and ensuring a successful sale.