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Namdar Realty Group And Empire Capital Holdings Acquire Office Building On 529 Fifth Avenue In New York For $107.5M

Property Image
SOLD
$107,500,000
Douglas (Doug) Harmon
Avery Silverstein
+ 2

New York

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Office286,000 SF
Sold 06/22/2023
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Property Image
SOLD

Namdar Realty Group And Empire Capital Holdings Acquire Office Building On 529 Fifth Avenue In New York For $107.5M

529 5th Ave New York, NY 10017, USA

See Similar Deals
Office286,000 SF
Sold 06/22/2023
Douglas (Doug) Harmon
Avery Silverstein
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$375
Total Square Footage:286,000 SF
Transaction Type:Sale

Located at 529 Fifth Avenue in New York, an office property has been sold for a total of $107,500,000. This transaction involved Namdar Realty Group represented by Igal Namdar and Empire Capital Holdings represented by Ebi Khalili, Josh Rahmani, and Aaron Bergman as the buyers. On the other hand, Silverstein Properties acted as the seller. The brokers in this deal were Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, and Avery Silverstein from Newmark. This property spans across 286,000 square feet and was sold at a price per square foot of $376.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $107,500,000
  • Address: 529 Fifth Avenue
  • Market: New York
  • Buyer: Namdar Realty Group - Igal Namdar & Empire Capital Holdings - Ebi Khalili, Josh Rahmani & Aaron Bergman
  • Seller: Silverstein Properties
  • Brokers: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King & Avery Silverstein - Newmark
  • Square Footage: 286,000
  • Price per Square Foot: $376

This transaction showcased the involvement of prominent individuals and companies in the real estate market. Namdar Realty Group, represented by Igal Namdar, teamed up with Empire Capital Holdings, represented by Ebi Khalili, Josh Rahmani, and Aaron Bergman, to secure the purchase of this office property. Silverstein Properties took on the role of the seller, while the Newmark team, consisting of Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, and Avery Silverstein, served as the brokers facilitating the deal.

Players

Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER

Avery Silverstein
Newmark
65 deals$15.1B volume(212) 850-5432
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
130 deals$47.6B volume
BROKER

Joshua King
Newmark
115 deals$32.8B volume(212) 850-5427
BROKER

Silverstein Properties
SELLER

Details

SOLD
IMAGE: Adam Spies, Adam Doneger, Josh Rahmani, Douglas Harmon, Igal Namdar, Joshua King, Ebi Khalili, Avery Silverstein & Aaron Bergman DATE: 06/22/2023 ADDRESS: 529 Fifth Avenue MARKET: New York ASSET TYPE: Office BUYER: Namdar Realty Group - Igal Namdar & Empire Capital Holdings - Ebi Khalili, Josh Rahmani & Aaron Bergman SELLER: Silverstein Properties BROKERS: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King & Avery Silverstein - Newmark SALE PRICE: $107,500,000 SF: 286,000 ~ PPSF: $376

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