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250 West 57th Street

Ebi Khalili, Josh Rahmani, Aaron Bergman Purchase Office In Manhattan For $280 Million
SOLDOffice

Ebi Khalili, Josh Rahmani, Aaron Bergman Purchase Office In Manhattan For $280 Million

250 West 57th Street

$280,000,000

$518/SF

Building Size

540,000 SF

Asset Type

Office

Closing

Mar 31, 2026

AI

The property involved in this transaction is an office asset located at 250 West 57th Street, Manhattan. The sale price was $280,000,000, with a total square footage of 540,000, resulting in a price per square foot of $518.

Summary of transaction details:

This deal involved prominent figures from both sides, with the buyers representing two distinct firms, Empire Capital Holdings and Namdar Realty Group. The seller, Tony Malkin, is associated with the Empire State Realty Trust, while the seller's representative team from Newmark provided comprehensive brokerage services throughout the transaction process.

Players

Adam Doneger

Newmark

Broker

$50.2B

vol

190 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker

Josh Rahmani

Empire Capital Holdings

Buyer

$948.1M

vol

9 deals

Buyer
Empire Capital Holdings
Empire Capital HoldingsBuyer

Tony Malkin

Empire State Realty Trust

Seller

$866M

vol

4 deals

Seller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93