The Kabbalah Centre Acquires The Fine Arts Building In Manhattan For $60M

The Fine Arts Building, located at 232 E 59th Street in New York City, has been sold in a closed transaction. This office property in Manhattan spans 58,000 square feet and was sold for a price of $60,000,000, resulting in a price per square foot of $1,034.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60,000,000
• Address: 232 E 59th Street
• City: New York
• Market: Manhattan

The seller of the property was Fine Arts NY LLC, while the buyer was The Kabbalah Centre. The buyer was represented by Besen & Associates / Amit Doshi & Richard Baxter, and the brokers from Colliers International involved in the deal were Stephen Shapiro and Jason Gold. Additional details of the transaction are not available.