New Empire Corp Acquires Office Building In Midtown Manhattan For $51 Million

A 72,568-square-foot office building located at 4 West 43rd Street in Manhattan is under contract for $51 million. The property is situated near Bryant Park and features a price per square foot of approximately $703. The seller of the asset is the Holy Spirit Association for the Unification of World Christianity, and the brokerage firm Avison Young facilitated this transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $51,000,000
• Square Footage: 72,568
• Address: 4 West 43rd Street
• Market: Manhattan
• Price per Square Foot: $703
• Buyer: New Empire Corp.
• Seller: Holy Spirit Association for the Unification of World Christianity
• Broker: Avison Young

In this deal, New Empire Corp. has entered an agreement to acquire the office building, which reflects strategic growth plans for the buyer. Avison Young played a critical role in representing the interests of both parties involved in this transaction.