Cayre Equities Acquires Office Building In Garment District For $16.15M

The transaction involves an office asset located at 254 West 35th Street in the Garment District, featuring a sale price of $16,150,000. The property encompasses 106,642 square feet, resulting in a price per square foot of $151.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,150,000
• Address: 254 West 35th Street
• Market: Garment District
• Square Footage: 106,642
• Price per Square Foot: $151
• Buyer: Cayre Equities
• Broker Representatives: Eric Michael Anton & John J. Stewart - Marcus & Millichap

This transaction was facilitated by Eric Michael Anton and John J. Stewart, who represented the buyer, Cayre Equities, in the deal. Their involvement highlights the brokerage's role in the successful completion of this transaction.