SOLD
David Werner Acquires 40% Interest In 237 Park Ave. Office Tower For $195M
237 Park Avenue
Office
1,250,000 SF
1,250,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
1,250,000 sqft
David Werner has acquired a 40% stake in the office tower located at 237 Park Ave. The transaction took place on January 23, 2019, with a sale price of $195,000,000. The property, which spans over 1,250,000 square feet, has a market value of $487,500,000. The seller of the property was RXR Realty and Walton Street Capital.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $195,000,000
- Address: 237 Park Ave.
- Square Feet: 1,250,000
The deal was facilitated by brokers Adam Spies, Adam Doneger, Josh King, Doug Harmon, and Marcella Fasulo from CushWake. It is worth noting that David Werner solely acquired the 40% stake and paid the aforementioned amount for this investment.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Adam Spies, Adam Doneger, Scott Rechler, Josh King, Doug Harmon & Marcella Fasulo
DATE: 01/23/2019
ADDRESS: 237 Park Ave.
ASSET TYPE: Office
BUYER: David Werner
SELLER: @RXR_Realty & Walton Street Capital
BROKER: Adam Spies, Adam Doneger, Josh King, Doug Harmon & Marcella Fasulo @CushWake
PRICE: $195,000,000 for 40% Interest
VALUE:$487,500,000
SF: 1,250,000
NOTE: David Werner paid $195M for a 40% stake in the Park Ave. office tower.View on map
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Address237 Park Avenue
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