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Igal Namdar Of Namdar Realty Group And Steven Kashanian Of Klosed Properties Acquire Office Lease For $10.4M

Property Image
SOLD
$10,400,000

New York

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Office87,016 SF
Sold 10/31/2024
the dealdetailscomps
Property Image
SOLD

Igal Namdar Of Namdar Realty Group And Steven Kashanian Of Klosed Properties Acquire Office Lease For $10.4M

20 East 46th Street

See Similar Deals
Office87,016 SF
Sold 10/31/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$119
Total Square Footage:87,016 SF
Transaction Type:Sale

The transaction involves the ground lease of an office asset located at 20 East 46th Street in the Grand Central market of Manhattan. The sale price was $10,400,000, reflecting a price per square foot of $120, based on a total area of 87,016 square feet.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $10,400,000
  • Address: 20 East 46th Street
  • Market: Grand Central, Manhattan
  • Square Footage: 87,016
  • Price Per Square Foot: $120
  • Buyer: Igal Namdar - Namdar Realty Group
  • Buyer: Steven Kashanian - Klosed Properties
  • Seller: Simon Singer - Nightingale Properties
  • Seller: Elchonon Schwartz - Nightingale Properties

Namdar Realty Group and Klosed Properties acquired the groundfloor lease from Nightingale Properties. The transaction was completed on October 31, 2024, highlighting the involvement of key individuals across both sides of the deal.

Details

SOLD
IMAGE: - GROUND LEASE IMAGE: Simon Singer, Igal Namdar, Steven Kashanian & Elchonon Schwartz DATE: 10/31/2024 ADDRESS: 20 East 46th Street MARKET: Grand Central, Manhattan ASSET TYPE: Office BUYER: Igal Namdar - Namdar Realty Group (@NamdarLLC) & Steven Kashanian - Klosed Properties (@KlosedProperties) SELLER: Simon Singer & Elchonon Schwartz - Nightingale Properties VALUE: $10,400,000 SF: 87,016 ~ PPSF: $120 NOTE: Namdar Realty Group and Klosed Properties acquired the groundfloor lease at 20 East 46th Street, an office building in Manhattan, from Nightingale Properties in a $10.4 million transaction.

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