ZG Capital Partners & Rialto Capital Management Acquire Office In Midtown East For $102.5M

Located at 43 East 53rd Street in Midtown East, this recently sold office property offers a total square footage of 112,933. The sale transaction took place on July 28, 2022, between the buyer, ZG Capital Partners and Rialto Capital Management, and the seller, MEK Management Services. The sale price for this property was $102,500,000, resulting in a price per square foot of $907.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $102,500,000
• Square Footage: 112,933
• Address: 43 East 53rd Street
• Market: Midtown East

The buyer, ZG Capital Partners and Rialto Capital Management, acquired this office asset from the seller, MEK Management Services. James Tamborlane, Bobby Zar, Jeff Krasnoff, and Jay Mantz were involved in the deal as representatives.