Jeff T. Blau Of RelatedCos Acquires Office Building In Hudson Yards For $52M

461 10th Avenue, located in Hudson Yards, is a Class C commercial building that spans 44,500 square feet. It was sold for $52,000,000, which equates to approximately $1,169 per square foot. This transaction reflects a significant investment, as the sale price is notably above recent Manhattan office pricing. The acquisition provides Related Cos. complete control of the block where they are constructing the 72-story 70 Hudson Yards tower.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $52,000,000
• Square Footage: 44,500
• Price Per Square Foot: $1,169
• Address: 461 10th Avenue
• Market: Hudson Yards
• Buyer: Jeff T. Blau - RelatedCos

Jeff T. Blau represents Related Cos. in this transaction, highlighting the development company's strategic expansion within the coveted Hudson Yards market. The deal further consolidates their influence over the area as they progress with their ambitious real estate projects.