Namdar Realty Empire Capital And Mason Asset Management Acquire Office In Hell's Kitchen For $40.5M

The asset involved in the transaction is an office property located at 321 West 44th Street in Hell's Kitchen, Manhattan. The sale price of the property was $40,500,000, covering an area of 181,000 square feet, which equates to approximately $223 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $40,500,000
• Square Footage: 181,000
• Address: 321 West 44th Street
• Market: Hell's Kitchen, Manhattan
• Buyer: Namdar Realty, Empire Capital & Mason Asset Management
• Seller: Related Companies
• Seller's Representative: Doug Middleton, Jack Stillwagon & Patrick Arangio - CBRE
• Price Per Square Foot: $223

The transaction involved multiple stakeholders, including the buyer group consisting of Namdar Realty, Empire Capital, and Mason Asset Management, while the seller was Related Companies. The seller’s representatives were Doug Middleton, Jack Stillwagon, and Patrick Arangio from CBRE, who facilitated the transaction.