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DLA Piper Acquires Office Building From Kenneth Aschendorf In Midtown Manhattan For $67.2M

Property Image
SOLD
$67,200,000

New York

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Office88,722 SF
Sold 01/08/2025
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Property Image
SOLD

DLA Piper Acquires Office Building From Kenneth Aschendorf In Midtown Manhattan For $67.2M

24 West 57th Street

See Similar Deals
Office88,722 SF
Sold 01/08/2025

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$757
Total Square Footage:88,722 SF
Transaction Type:Sale

The asset involved in this transaction is an office building located at 24 West 57th Street in Midtown West, Manhattan. The sale price for the property was $67,200,000. The building features a total building square footage (BSF) of 100,410, with a price per building square foot (PPBSF) of $669. The usable square footage (SF) is 88,722, resulting in a price per square foot (PPSF) of $757.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $67,200,000
  • Buyer: DLA Piper, 2457 Acquisition LLC
  • Seller: Kenneth Aschendorf - APF Properties
  • Market: Midtown West, Manhattan
  • Building Square Footage: 100,410
  • Price per Building Square Foot: $669
  • Usable Square Footage: 88,722
  • Price per Square Foot: $757

The transaction involved 2457 Acquisition LLC, represented by Mark Meland. They acquired the office building from Kenneth Aschendorf of APF Properties after Extell Development settled a defaulted $50 million loan associated with the property.

Details

SOLD
IMAGE: Kenneth Aschendorf DATE: 01/08/2025 ADDRESS: 24 West 57th Street MARKET: Midtown West, Manhattan ASSET TYPE: Office BUYER: DLA Piper, 2457 Acquisition LLC SELLER: Kenneth Aschendorf - APF Properties SALE PRICE: $67,200,000 BSF: 100,410 ~ PPBSF: $669 SF: 88,722 ~ PPSF: $757 NOTE: 2457 Acquisition LLC, represented by Mark Meland, bought the office building at 24 West 57th Street for $67.2 million from APF Properties, after Extell Development paid off a defaulted $50 million loan.

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