SOLD
MKF Realty Acquires Mixed Use Property In Union Square From Related Companies For $211.4M
1 Union Square South
Mixed-use
48,223 SF
48,223 SF
Sold 1 year ago
Summary
Sale
CONNECTICUT
Mixed-use
48,223 sqft
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.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: 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.GroupView on map
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Address1 Union Square South
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