Keith Rubenstein Acquires Office Building In Midtown East For $122.5M

Located at 300 E 42nd Street in Midtown East, this office property was recently involved in a closed transaction. The property spans a total area of 235,000 square feet and was sold for a price of $122,500,000, resulting in a price per square foot of $521. The transaction took place on 8/27/19.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $122,500,000
• Square Footage: 235,000
• Price per Square Foot: $521
• Address: 300 E 42nd Street
• Market: Midtown East

The buyer in this transaction was Keith Rubenstein, representing Somerset & Meadow Partners. The seller was ULM Holding, represented by the Kurz Family. The lending institution involved in the deal was Brookfield. It is worth noting that the property was previously sold for $74.7 million in 1996.