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A NYC office building will sell at such a discount that it s 67% less than the purchase price and below what s still owed on the mortgage

Empire Capital Holdings and Namdar Realty Group agreed to purchase the property at 321 W. 44th St. for less than $50 million. Read More

Empire capital holdingsNamdar realty group

Related Sells Manhattan Office at Steep Discount to Empire Capital, Namdar

Related Sells Manhattan Office at Steep Discount to Empire Capital, Namdar
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New yorkUnited statesNamdar realty groupEmpire capital holdingsFund managementNew york cityCapital holdingsRelated fund management

Commercial real estate crash: NYC office to sell at 67% discount

Empire Capital Holdings and Namdar Realty Group agreed to purchase the property at 321 W. 44th St. for less than $50 million.

New yorkUnited statesSteve rossCanadian imperial bankEmpire capital holdingsNamdar realty groupGroup incGoldman sachs group incFund managementBlackstone incMeta platforms incRelated fund managementBattery studiosHudson yardsSteve cohenWest palm beach

NYC Landlord to Sell Manhattan Office at Roughly 67 Percent Discount

Empire Capital and Namdar Realty are purchasing the property for less than $50 million, a steep discount from the nearly $153 million it last sold for in 2018.

New yorkUnited statesSteve rossGoldman sachs group incNamdar realty groupBlackstone incEmpire capital holdingsGroup incFund managementMeta platforms incNew york cityCapital holdingsRelated fund managementBattery studiosHudson yardsSteve cohen

New York City landlord to sell office building at roughly 67% discount

A NEW York City office building owned by a Related Cos affiliate is set to be sold at a steep discount.

New yorkUnited statesSteve rossEmpire capital holdingsCanadian imperial bankGoldman sachsFund managementNamdar realty groupRelated cosCapital holdingsRelated fund managementBattery studiosHudson yardsSteve cohenMeta platformsWest palm beach

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