Marathon Asset Management Acquires Office Building At 261 West 34th Street In Garment District, Manhattan For $16.8M

Marathon Asset Management, acting through the entity 263 W 34th Street Lender, LLC, has acquired the office building located at 261 West 34th Street in Manhattan's Garment District. The property was purchased in a foreclosure process, and the sale price was $16,845,257.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $16,845,257
• Address: 261 West 34th Street, Garment District, Manhattan
• Buyer: Bruce Richards - Marathon Asset Management
• Seller: Sorabh Maheshwari - Churchill Real Estate Holdings

Bruce Richards, representing Marathon Asset Management, was the buyer in this transaction. Sorabh Maheshwari, representing Churchill Real Estate Holdings, acted as the seller. The acquisition of the office building on 261 West 34th Street marks Marathon Asset Management's expansion in Manhattan's Garment District.