Titan Golden Capital Acquires Office Building On Madison Avenue In Upper East Side For $26.6M

The office property located at 645 Madison Avenue in the Upper East Side has been sold. The transaction was completed on November 8, 2021. The property is zoned as C5-3, MiD and has a tax class of 4. The lot size is 9,038 square feet, with dimensions of 100.42 feet by 90 feet. An alteration permit was issued on March 5, 2020.

Summary of transaction details

• Property Type: Office
• Sale Price: $26,628,942
• Building Square Footage: 164,582
• Price per Square Foot: $161
• Building Square Footage (BSF): 135,570
• Price per Building Square Foot (PPBSF): $196
• Floor Area Ratio (FAR): 18.21
• Buyer: Titan Golden Capital - Chi Fai Ben Wong
• Seller: East West Bank - Lisa L. Kim

The buyer, Titan Golden Capital, represented by Chi Fai Ben Wong, acquired the property from East West Bank, represented by Lisa L. Kim. The sale price for the property was $26,628,942. The transaction reflects a price per square foot of $161. The building has a total square footage of 164,582 and a building square footage (BSF) of 135,570. The price per building square foot (PPBSF) is $196. The property's floor area ratio (FAR) is 18.21.