Charles Cohen Of Cohen Brothers Realty Sells 3 East 54th Street Office For $188M In Midtown Manhattan

The property asset involved in this transaction is located at 3 East 54th Street in Midtown Manhattan, categorized as an office space. The transaction has a total amount of $188,000,000, with the property covering a square footage of 300,000. The price per square foot is approximately $627.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $188,000,000
• Address: 3 East 54th Street
• Market: Midtown Manhattan
• Seller: Charles Cohen - Cohen Brothers Realty
• Square Footage: 300,000
• Price per Square Foot: $627

Charles Cohen, the owner of the Midtown office tower, is facing $187 million in personal loan obligations. He has opted to sell the property at 3 East 54th Street, following a recent transaction involving 623 Fifth Avenue. The proceeds from this sale will only cover part of his outstanding debt.