Mark Karasick Of 601W Cos Acquires Office From Rockpoint Group For $265.25M In Midtown Manhattan

Located at 885 2nd Avenue in Midtown Manhattan, this office asset was sold by Rockpoint Group to Mark Karasick of 601W Companies. The property comprises 817,136 square feet and was transacted for $265,250,000, or approximately $325 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $265,250,000
• Buyer: Mark Karasick - 601W Cos
• Seller: Rockpoint Group
• Total Square Footage: 817,136
• Price Per Square Foot: $325
• Market: Midtown Manhattan
• Financing: $215M package from JPMorgan Chase Bank

The transaction was arranged by Newmark, facilitating the sale as 601W Companies acquired One Dag Hammarskjold Plaza from Rockpoint Group. This strategic move highlights the ongoing activity in the Midtown Manhattan office market.