Ron Sutton Acquires Office Building In Midtown Manhattan For $34.7M

The office building located at 6 West 48th Street in Midtown, Manhattan has been sold in a closed transaction. The property spans 60,500 square feet and was sold for a total price of $34,700,000, resulting in a price per square foot of $574. The sale was completed between the buyer, Ron Sutton, and the seller, The Posner Family.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $34,700,000
• Address: 6 West 48th Street, Midtown, Manhattan
• Square Footage: 60,500
• Price per Square Foot: $574

The deal was facilitated by the following brokers: David Schechtman and Abie Kassin from Meridian Capital Group, and Michael Hunter Coghill from Adirondack Capital Partners. They represented the respective parties involved in the transaction, ensuring a successful agreement.