David Werner Real Estate Acquires Office Asset At 5 Hanover Square For $50 Million

The property asset involved in the transaction is an office located at 5 Hanover Square in New York, NY. The asset comprises 335,008 square feet and was sold for a total price of $50,000,000.00.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $50,000,000.00
• Address: 5 Hanover Square
• Market: New York, NY
• Units: 335,008
• Buyer: David Werner Real Estate of New York
• Seller: CIM Group
• Date of Transaction: 05/06/2025

The deal was represented by David Werner Real Estate of New York as the buyer's representative in the transaction, with CIM Group acting as the seller. This transaction reflects the partnership between the involved entities in the New York commercial real estate market.