Raghsa Real Estate Acquires Office Asset From Vornado Realty Trust In Manhattan For $205M

The property involved in this transaction is an office asset located at 512 West 22nd Street in Manhattan. It has a total square footage of 172,000 and was sold for a price of $205,000,000, which translates to a price per square foot of $1,191.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $205,000,000
• Buyer: Raghsa Real Estate
• Seller: Vornado Realty Trust
• Seller's Representative: Gary Phillips, Will Silverman, Jeff Organisciak & Alana Bassen - Eastdil Secured
• Market: Manhattan
• Square Footage: 172,000
• Price per Square Foot: $1,191

The deal was facilitated by a team of representatives from Eastdil Secured, including Gary Phillips, Will Silverman, Jeff Organisciak, and Alana Bassen, who represented the seller, Vornado Realty Trust, during the transaction.