Transaction amount: $$175,000,000
Prince Realty advised on a deal for ABS, AEW and East End Capital inking a 99-year ground lease for 136 East 57th Street. A partnership controlled by Richard Halpern of Silk & Halpern Realty Associates has owned and managed the 20-story building since the 1980s. It has about 110,000 square feet of rentable office and retail space, and is currently about 70 percent leased, with Bank United as the largest tenant on the ground, second and lower level floors.
175M - 99-Year Ground Lease
136 E 57th Street, New York, NY 10022