Kushner Companies Acquires 17.85% Stake In School At 227 West 61st Street For $6M

The property asset involved in this transaction is a school building located at 227 West 61st Street in Lincoln Square, Manhattan. The transaction was concluded with a sale price of $6,000,000, covering a total square footage of 75,325. The building's basic sale footage is 135,600, resulting in a price per basic sale foot of $44, while the price per square foot stands at $80.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $6,000,000
• Address: 227 West 61st Street
• Market: Lincoln Square, Manhattan
• Basic Sale Footage: 135,600
• Price per Basic Sale Footage: $44
• Total Square Footage: 75,325
• Price per Square Foot: $80
• Buyer: Laurent Morali - Kushner Companies
• Seller: David Berley & Peter Weiss - Walter & Samuel

Kushner Companies, represented by Laurent Morali, has acquired a 17.85% stake in the school building, marking a strategic move in their portfolio. The sellers, David Berley and Peter Weiss, are associated with Walter & Samuel, facilitating the deal with their market expertise.