KPG Funds Acquires Ground Lease For $30M In Greenwich Village
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This Office property located in NY was sold for $30,000,000 over 3 years ago. The brokers of the deal were Andreas Metzger, Erik Edeen, Charles (Chas) Kingsley, Alexandra Marolda, and James Nelson
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- Location132 West 14th Street, New York, NY 10011, USA
- Sale Price$30,000,000$635 PPSF
- Area47,196 SF
- Asset TypeOffice
- Parties5 Brokers, 2 Agencies
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Deal Summary
GROUND LEASE
IMAGE: Charles Kingsley, Rod Kritsberg, Andreas Metzger, Gregory Kraut & James Nelson
DATE: 07/2021
ADDRESS: 132 West 14th Street
MARKET: Greenwich Village
ASSET TYPE: Office
TENANT: @KPG_Funds - Rod Kritsberg & Gregory Kraut
LANDLORD: @SalvationArmyUS
BROKERS: James Nelson, Charles Kingsley, Erik Edeen, Alexandra Marolda - Avison Young & Andreas Metzger - The Corcoran Group
AMOUNT: $30,000,000 ~ TERM: 99-year
NOTE: KPG will control the leasehold of the property and plans to develop a contemporary Class A office development named Le Gallerie, which will include an expansive lobby that also serves as an art gallery for its tenants.
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132 West 14th Street
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