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ZG Capital Partners & Rialto Capital Management Acquire Office In Midtown East For $102.5M

Property Image
SOLD
$102,500,000

New York

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Office112,933 SF
Sold 07/28/2022
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Property Image
SOLD

ZG Capital Partners & Rialto Capital Management Acquire Office In Midtown East For $102.5M

43 East 53rd Street, New York City, New York 10022, United States

See Similar Deals
Office112,933 SF
Sold 07/28/2022

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$907
Total Square Footage:112,933 SF
Transaction Type:Sale

Located at 43 East 53rd Street in Midtown East, this recently sold office property offers a total square footage of 112,933. The sale transaction took place on July 28, 2022, between the buyer, ZG Capital Partners and Rialto Capital Management, and the seller, MEK Management Services. The sale price for this property was $102,500,000, resulting in a price per square foot of $907.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $102,500,000
  • Square Footage: 112,933
  • Address: 43 East 53rd Street
  • Market: Midtown East

The buyer, ZG Capital Partners and Rialto Capital Management, acquired this office asset from the seller, MEK Management Services. James Tamborlane, Bobby Zar, Jeff Krasnoff, and Jay Mantz were involved in the deal as representatives.

Players

BUYER


Details

SOLD
IMAGE: James Tamborlane, Bobby Zar, Jeff Krasnoff & Jay Mantz DATE: 07/28/2022 ADDRESS: 43 East 53rd Street MARKET: Midtown East ASSET TYPE: Office BUYER: ZG Capital Partners (@ZGCapitalPartners) & Rialto Capital Management SELLER: MEK Management Services SALE PRICE: $102,500,000 SF: 112,933 ~ PPSF: $907

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