Eretz Group Acquires Office Building In Midtown Manhattan For $70.3M

The office building located at 9 East 40th Street in New York City has been sold in a closed transaction. The property, situated in Midtown, Manhattan, spans 86,800 square feet. The transaction was completed for a total price of $70,300,000, resulting in a price per square foot of $810.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $70,300,000
• Square Footage: 86,800 sf
• Price per Square Foot: $810
• Address: 9 East 40th Street, New York
• Market: Midtown, Manhattan

The seller of the property was Joseph P. Day Realty, represented by Larry Wohl and Barry Jacobson. The buyer in this transaction was Eretz Group, with Abe Talassazan leading the acquisition.