K Property Group Acquires Office And Retail Building In Manhattan From Wah Kwan For $45M

A 37,000 square feet office and retail building located at 446-448 Broadway in New York City has been sold for a price of $45,000,000. The property, situated in Manhattan, was acquired by K Property Group, represented by Greg Kraut and Rod Kritsberg. The transaction was facilitated by the brokerage firm Marcus & Millichap, with Nelson Lee and Henri Kessler as the representatives.

Summary of transaction details

• Property Type: Office and Retail Building
• Transaction Amount: $45,000,000
• 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 deal brings together Greg Kraut and Rod Kritsberg of K Property Group as the buyers of the property. Wah Kwan serves as the seller in this transaction. Representing K Property Group, Marcus & Millichap's Nelson Lee and Henri Kessler played a pivotal role in facilitating the deal, ensuring the successful completion of the transaction.