Gatsby Enterprises Acquires Office Building In Midtown Manhattan From Valeray Real Estate Company For $50M

The office property located at 56 W 45th St in New York City, Manhattan, was recently sold in a closed transaction. The property, owned by Valeray Real Estate Company, was purchased by Gatsby Enterprises, represented by Fred Ohebshalom. The transaction took place in January 2017, with a sale price of $50,000,000. The property has a total size of 66,000 square feet, resulting in a price per square foot of $757.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $50,000,000.00
• Square Footage: 66,000 SF
• Price per Square Foot: $757
• Address: 56 W 45th St, New York
• Market: Manhattan
• Seller: Valeray Real Estate Company
• Buyer: Gatsby Enterprises: Fred Ohebshalom

The sale of the office property at 56 W 45th St in New York City represents a significant transaction in the Manhattan market. Both the seller, Valeray Real Estate Company, and the buyer, Gatsby Enterprises represented by Fred Ohebshalom, were key individuals and companies involved in the deal. This transaction highlights the strong commercial real estate activity in the area.