Dermot Company & Investors Acquire 520 West 43rd Street In Manhattan For $193M

The property at 520 West 43rd Street in Manhattan has been sold for $193,000,000. The asset is a rental property with a total square footage of 319,967, resulting in a price per square foot of $603. The transaction took place on April 25, 2018. The seller of the property was AEW Capital Management, represented by Jeffrey D. Furber. The buyer of the property was Dermot Company & Investors, represented by Stephen Benjamin. The deal was facilitated by brokers Adam Spies, Doug Harmon, and Adam Doneger.

Summary of transation details

• Property Type: Rentals
• Transaction Amount: $193,000,000
• Address: 520 West 43rd Street, New York
• Market: Manhattan
• Square Footage: 319,967
• Price per Square Foot: $603
• Seller: AEW Capital Mangement – Jeffrey D. Furber
• Buyer: Dermot Company & Investors – Stephen Benjamin
• Brokers: Adam Spies, Doug Harmon, and Adam Doneger

The deal involved prominent individuals in the real estate industry, including Stephen Benjamin from Dermot Company & Investors, who represented the buyer. The seller, AEW Capital Management, was represented by Jeffrey D. Furber. The brokers Adam Spies, Doug Harmon, and Adam Doneger played a crucial role in facilitating the transaction.