Jonathan Bennett Of AmTrust Realty Acquires Office Tower At 260 Madison Avenue From Alex Sapir For $211.2M

The office asset located at 260 Madison Avenue in the Grand Central area of Manhattan features a total square footage of 531,270. The property was sold for a transaction amount of $211,200,000, resulting in a price per square foot of approximately $398.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $211,200,000
• Square Footage: 531,270
• Address: 260 Madison Avenue
• Market: Grand Central, Manhattan
• Buyer: Jonathan Bennett - AmTrust Realty
• Seller: Alex Sapir - Sapir Organization

Jonathan Bennett represented AmTrust Realty in the transaction, while Alex Sapir represented the Sapir Organization in the sale of the asset. The acquisition reinforces the strategic positioning of AmTrust Realty in the Manhattan office market.