Elad Group Acquires Office Building At 419 Park Avenue South For $72.18M With Brokers Albert Sultan & Marc Sitt

The asset involved in the transaction is an office property located at 419 Park Avenue South in Manhattan. The sale price was $72,180,000 for a total square footage of 191,000, resulting in a price per square foot of $377.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $72,180,000
• Address: 419 Park Avenue South
• Market: Manhattan
• Square Footage: 191,000
• Price Per Square Foot: $377
• Buyer: Elad Group
• Seller: David Berley & Walter & Samuels, Inc
• Broker Representatives: Albert Sultan & Marc Sitt - KSR
• Date of Sale: 08/08/2024

The transaction featured key individuals including the buyer, Elad Group, and the sellers, David Berley alongside Walter & Samuels, Inc. The brokers facilitating the deal were Albert Sultan and Marc Sitt from KSR.