Metlife Purchases Retail Property At 188 East 64th Street From Elizabeth Smoltz For $44.1M

The property asset involved in this transaction is a retail space located at 188 East 64th Street in the Upper East Side market. The sale price is $44,100,000, with a total square footage of 41,622, resulting in a price per square foot of $1,059.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $44,100,000
• Buyer: Metlife
• Seller: Elizabeth Smoltz
• Broker: Daniel Kaplan - CBRE
• Tenant: Avi Kaner - Morton Williams

Daniel Kaplan of CBRE represented the seller, Elizabeth Smoltz, in this deed in lieu sale transaction while Avi Kaner will serve as the tenant under the new arrangement.