The Vanbarton Group Acquires Office Asset At 5 East 42nd Street For $135M

The asset involved in this transaction is an office property located at 5 East 42nd Street, situated in the Midtown Manhattan market. The property was sold for $135,000,000, encompassing a total square footage of 400,000, which translates to a price per square foot of $338.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $135,000,000
• Address: 5 East 42nd Street
• Market: Midtown Manhattan
• Square Footage: 400,000
• Price per Square Foot: $338
• Buyer: The Vanbarton Group
• Seller: Emigrant Savings Bank
• Buyer's Representatives: Daniel Shirazi, Robert Khodadadian, Daniel Davidov - Skyline Properties

The transaction involved key individuals representing the buyer, including Joey Chilelli, Richard Coles, and Adam Baron. They played crucial roles in facilitating the deal on behalf of The Vanbarton Group while being assisted by their representatives from Skyline Properties.