Igal Namdar And Jonathan Abda Of Namdar Realty Group Acquire Office Leasehold In Union Square For $62M

The property asset involved in the transaction is located at 71 Fifth Avenue in the Union Square market. It is categorized as an Office Leasehold and encompasses a total area of 167,719 square feet. The transaction was completed for a sale price of $62,000,000.

Summary of transaction details:

• Property Type: Office Leasehold
• Transaction Amount: $62,000,000
• Address: 71 Fifth Avenue
• Market: Union Square
• Square Footage: 167,719
• Buyer: Igal Namdar & Jonathan Abda - Namdar Realty Group
• Brokers: Helen Hwang, David Schechtman, Brian Szczapa & Ian Shoenfeld - Meridian Capital Group
• Date of Transaction: 10/22/2026

The transaction involved Igal Namdar and Jonathan Abda representing Namdar Realty Group as the buyers. The deal was facilitated by brokers from Meridian Capital Group, including Helen Hwang, David Schechtman, Brian Szczapa, and Ian Shoenfeld. Their roles were crucial in finalizing the details surrounding the purchase of the property.