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

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.