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MKF Realty Acquires Mixed Use Property In Union Square From Related Companies For $211.4M

1 Union Square South
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This Mixed-use property located in CT was sold for $211,375,000 over 3 years ago. The brokers of the deal were Ernie Nichols, Brian Szczapa, Yasmin Kheradpey, Karen Wiedenmann, Helen Hwang, and Brian Gladstone

The mixed-use property located at 1 Union Square South in Union Square has been sold in a recent transaction. The property is zoned for various uses, including C6-1, C6-4, and US zoning. The sale took place in November 2020.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $211,375,000
  • Address: 1 Union Square South
  • Market: Union Square

The buyer of the property is MKF Realty, who acquired it from the seller, Related Companies, represented by Stephen Ross. The sale was facilitated by a team of brokers from Meridian Capital Group, including Helen Hwang, Karen Wiedenmann, Brian Szczapa, Yasmin Kheradpey, Brian Gladstone, and Ernie Nichols.

The transaction involved a loan amounting to $120,000,000, provided by Fannie Mae. The broker representing the lender in this deal was Rael Gervis from Meridian Capital Group.

View Related

Deals
  • Location
    1 Union Square South, New York, NY 10003, USA1 Union Square South, New York, NY 10003, USA
  • Sale Price
    $211,375,000$211,375,000
    $4,383 PPSF$4,383 PPSF
  • Area
    48,223 SF48,223 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Yasmin Kheradpey

Yasmin Kheradpey

Deals8
Sold$1.1B

Karen Wiedenmann

Karen Wiedenmann

Deals7
Sold$1.1B

Ernie Nichols

Ernie Nichols

Deals3
Sold$370.2M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

SALE DATE: 11/2020 ADDRESS: 1 Union Square South MARKET: Union Square ASSET TYPE: Mixed Use ~ ZONING: C6-1, C6-4, US BUYER: MKF Realty SELLER: Related Companies – Stephen Ross BROKERS: Helen Hwang, Karen Wiedenmann, Brian Szczapa, Yasmin Kheradpey, Brian Gladstone, and Ernie Nichols @Meridian.Capital.Group PRICE: $211,375,000 UNITS: 239 LOAN AMOUNT: $120,000,000 LENDER: Fannie Mae BROKER: Rael Gervis @Meridian.Capital.Group

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1 Union Square South

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