60 Guilders Alt Equity Group And Premium Merchant Funding Acquire 292 Madison Avenue From Vanbarton Group For $90.5M

The property involved in this transaction is an office asset located at 292 Madison Avenue in Midtown Manhattan. The sale price was $90,500,000, with a total square footage of 204,200, resulting in a price per square foot of $443.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $90,500,000
• Sale Date: 11/04/2024
• Address: 292 Madison Avenue
• Market: Midtown Manhattan
• Buyer: 60 Guilders, Alt Equity Group &Premium Merchant Funding (PMF)
• Seller: Vanbarton Group
• Broker: Newmark
• Square Footage: 204,200
• Price Per Square Foot: $443

The transaction was finalized by 292 Madison LLC, which was established to acquire the property. Premium Merchant Funding (PMF) played a significant role as both an investor and a tenant, leasing the entire 10th floor. This acquisition was marked by a ribbon-cutting ceremony attended by various investors and representatives from PMF, highlighting the collaborative effort that made the deal possible.