Jeff Krasnoff Of Rialto Capital Acquires Office Building In Manhattan For $46.95M

A 187,567-square-foot office building located at 25 West 45th Street in Manhattan was acquired for nearly $47 million. The property was priced at approximately $250 per square foot, reflecting the continued valuation adjustments within the New York City office market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $46,946,263
• Buyer: Jeff Krasnoff - Rialto Capital
• Market: Manhattan
• Square Footage: 187,567
• Price Per Square Foot: $250

Jeff Krasnoff’s Rialto Capital completed the acquisition of the office building, contributing to the ongoing dynamics of the residential and commercial real estate market in New York City. The transaction highlights Rialto Capital's involvement in the city's office sector.