Anthony E. Malkin Of Empire State Realty Trust Acquires Office And Retail Asset In SoHo For $386M

The asset involved in the transaction is located at 555-557 Broadway in the SoHo market of Manhattan. The sale, now under contract, features a combination of office and retail spaces with a total square footage of 396,000. The property was sold for $386,000,000, resulting in a price per square foot of $974.

Summary of transaction details:

• Property Type: Office & Retail
• Transaction Amount: $386,000,000
• Location: 555-557 Broadway, SoHo, Manhattan
• Square Footage: 396,000
• Price per Square Foot: $974
• Buyer: Anthony E. Malkin - Empire State Realty Trust
• Seller: Scholastic Corporation
• Brokers: Adam Spies, Joshua King, Adam Doneger, Marcella Fasulo, Avery Silverstein & Benjamin (Ben) Lushing - Newmark

The deal includes notable participants such as Anthony E. Malkin representing Empire State Realty Trust as the buyer and Scholastic Corporation as the seller. The transaction was facilitated by brokers from Newmark, encompassing Adam Spies, Joshua King, Adam Doneger, Marcella Fasulo, Avery Silverstein, and Benjamin (Ben) Lushing.