Kaufman Investments & Beacon Capital Partners Acquire Office Building On Avenue Of The Americas In New York For $92.5M

The property involved in this transaction is located at 875 Avenue of The Americas in New York. It is an office asset with a total square footage of 265,000. The sale price for this property was $92,500,000, resulting in a price per square foot of $349. The buyers in this transaction were Kaufman Investments and Beacon Capital Partners. They acquired the property from 875 Old & New 875, represented by Peter Braus and Jim Wacht. The brokers involved in this deal were Chris Varjan, Ben Tapper, Jonathan Braun, and George Steffani from Lee & Associates.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $92,500,000
• Square Footage: 265,000
• Price per Square Foot: $349
• Address: 875 Avenue of The Americas, New York
• Buyer: Kaufman Investments & Beacon Capital Partners
• Seller: 875 Old & New 875 - Peter Braus & Jim Wacht
• Brokers: Chris Varjan & Ben Tapper, Jonathan Braun & George Steffani - Lee & Associates

The involvement of Kaufman Investments and Beacon Capital Partners as the buyers indicates their interest in expanding their office property portfolio. The sellers, 875 Old & New 875, were represented by Peter Braus and Jim Wacht, who facilitated the transaction. The brokers involved in this deal, Chris Varjan, Ben Tapper, Jonathan Braun, and George Steffani, from Lee & Associates, played a crucial role in connecting the buyers and sellers and ensuring a successful transaction.