K5 And Delaware Life Acquire Office Asset At 525 West 57th Street For $93 Million

The property asset located at 525 West 57th Street in Manhattan is an office building, encompassing a total area of 308,469 square feet. The sale price for this transaction was $93,000,000, equating to a price per square foot of $301.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $93,000,000
• Address: 525 West 57th Street
• Market: Manhattan
• Asset Size: 308,469 SF
• Price Per Square Foot: $301
• Investor: K5 / Delaware Life
• Sponsor: Himmel + Meringoff
• Brokers: Adam Spies, Joshua King, Adam Doneger, Christopher Kramer & Willis Robbins - Newmark

The transaction involved notable individuals including Adam Spies, Joshua King, Adam Doneger, Christopher Kramer, and Willis Robbins, all of whom represented the brokerage Newmark in this deal. The sponsor of the transaction was Himmel + Meringoff, with K5 / Delaware Life as the investor.