Lightstone Capital Group Sells Manhattan Office Retail Space For $35.65 Million
28 West 36th Street & 32 West 39th Street
$35,650,000
$327/SF
Building Size
108,990 SF
Asset Type
Office
Closing
Apr 12, 2026
AI
The asset involved in the transaction is located at 28 West 36th Street & 32 West 39th Street in Manhattan. This office/retail property was sold for a total of $35,650,000, encompassing 109,341 square feet, with a price per square foot of $335.
Summary of transaction details:
- Property Type: Office/Retail
- Transaction Amount: $35,650,000
- Square Footage: 109,341
- Price Per Square Foot: $335
- Seller: Lightstone Capital Group
- Brokers: Sarah Short, Zach Redding & Dylan Kane - Colliers
- Sale Date: 4/13/2026
The deal was facilitated by brokers Sarah Short, Zach Redding, and Dylan Kane, all representing Colliers in the transaction, acting on behalf of the seller, Lightstone Capital Group.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93