The asset involved in the transaction is an office and retail building located at 446-448 Broadway, New York in the Manhattan market. The property spans a total of 37,000 square feet and was sold for $46,750,000, which equates to a price per square foot of $1,216.

Summary of transaction details:

• Property Type: Office and Retail Building
• Transaction Amount: $46,750,000
• Square Footage: 37,000 sf
• Price per Square Foot: $1,216
• Seller: Wah Kwan
• Buyer: K Property Group – Greg Kraut and Rod Kritsberg
• Broker: Marcus & Millichap’s Nelson Lee and Henri Kessler

The transaction was facilitated by Greg Kraut and Rod Kritsberg, representing K Property Group in the acquisition. The brokers involved in this deal were Nelson Lee and Henri Kessler from Marcus & Millichap, providing expertise in navigating the complexities of the Manhattan real estate market.