ZG Capital Partners Acquires Office Building In Union Square For $40M

The office property located at 836 Broadway in Union Square has been sold in a transaction valued at $40,000,000. The property spans across 77,000 square feet, resulting in a price per square foot of $519. The sale was finalized on October 26, 2021.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $40,000,000
• Address: 836 Broadway
• Market: Union Square

The buyer of the property is ZG Capital Partners, represented by Bobby Zar and James Tamborlane. They acquired the property from Hyde Park Associates, with Bernie Karr as the seller. The deal was facilitated by the brokers Brett Siegel, Evan Layne, and Henry Fox of Newmark.