Richard Monopoli Acquires Office Building In NoMad, Manhattan From Jason Pizer For $300M

The office property located at 354 Park Avenue South in NoMad, Manhattan has been sold in a closed transaction. The property features a total square footage of 389,000 and a price per square foot of $771. The buyer, Richard Monopoli, acquired the property from the seller, Jason Pizer, for a total purchase price of $300,000,000. The building has a buildable square footage (BSF) of 296,250 with a price per buildable square foot (PPBSF) of $1,013. The lot size is 19,750 with dimensions of 98.75 ft x 200 ft. The last recorded sale of the property took place on February 14, 2007, with a sale price of $0.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $300,000,000
• Market: NoMad, Manhattan
• Zoning: C5-3
• Buyer: Richard Monopoli
• Seller: Jason Pizer
• Buildable Square Footage: 296,250
• Price per Buildable Square Foot: $1,013
• Square Footage: 389,000
• Price per Square Foot: $771
• Lot Size: 19,750
• Last Sale Price: $0 (2/14/2007)
• Lot Dimension: 98.75 ft x 200 ft

The transaction took place with a floor area ratio (FAR) of 19.70 and falls under tax class 4. It is important to note that there are no additional details provided regarding the property asset or the individuals and companies involved in the deal.