Namdar Realty Group & Empire Capital Holdings Acquire Midtown South Office Buildings For $107M

Namdar Realty Group and Empire Capital Holdings, represented by Josh Rahmani, Ebi Khalili, and Aaron Bergman, are set to acquire three adjacent buildings in Midtown South. The properties, located at 341, 343, and 345 Seventh Ave. & 167 West 29th St., are office assets with a combined square footage of 220,000. The deal, brokered by Doug Middleton, Alana Bassen, and Darcy Stacom of BRE, is being facilitated by the seller, Clemons Management Corporation.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $107,000,000
• Square Footage: 220,000
• Price per Square Foot: $486

This transaction also includes the acquisition of air rights, contributing an additional 80,000 square feet to the deal. The buyer's representatives, Josh Rahmani, Ebi Khalili, and Aaron Bergman, along with the brokers, Doug Middleton, Alana Bassen, and Darcy Stacom, have successfully negotiated this in-contract agreement.