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

The office asset located at 43 East 53rd Street in Midtown East was recently sold in a transaction on 07/28/2022. The property was purchased by ZG Capital Partners & Rialto Capital Management from the seller, MEK Management Services. The sale price for the property was $102,500,000, with a total square footage of 112,933. The price per square foot (PPSF) was calculated to be $907.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $102,500,000
• Address: 43 East 53rd Street
• Market: Midtown East
• Square Footage: 112,933
• Price per Square Foot: $907
• Buyer: ZG Capital Partners & Rialto Capital Management
• Seller: MEK Management Services

The deal involved the participation of key individuals including James Tamborlane, Bobby Zar, Jeff Krasnoff, and Jay Mantz. These individuals likely served as representatives for the buyer or seller in the transaction, contributing their expertise to facilitate the deal.