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:
- Property Type: Office
- Transaction Amount: $280,000,000
- Address: 250 West 57th Street
- Market: Manhattan
- Asset Size: 540,000 SF
- Price per Square Foot: $518
- Buyer: Ebi Khalili, Josh Rahmani & Aaron Bergman - Empire Capital Holdings; Igal Namdar - Namdar Realty Group
- Seller: Tony Malkin - Empire State Realty Trust
- Seller's Representative: Adam Spies, Marcella Fasulo, Joshua King, Avery Silverstein, Doug Harmon & Adam Doneger - Newmark
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
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