Realized Sale
2 Park Avenue
NEW YORK, NY
RMB Advised SEB Immobilien (Based in Frankfurt, Germany) on the sale of the 26 Story 1,182,000 SF Office Building. The property is located on the block front on Park Avenue between 32nd Street and 33rd Street. Colorful & striking 2 Park Avenue Building was built in 1926-28 on lower Park Avenue and was designed by one of New York’s foremost architects of the first half of the twentieth century, Ely Jacques Kahn.
Property TYPE
OFFICE BUILDING WITH RETAIL
Square Footage
2 Park Avenue is a 26-story, Art Deco, 1,182,000 SF Office Building which occupies the entire block front on Park Avenue between 32nd & 33rd Street.
STORY
RMBRE met with the CEO of SEB Immobilien in Frankfurt and negotiated the sale of the 1,100,000 SF Office Building to L & L Holding Company for $450,000,000. The property was then resold to Morgan Stanley's Prime Property Fund for $565,000,000. The office building is the headquarters for Herrick Feinstein Law Firm, Kate Spade & Talbots.
Building Height
26 Story Office Building Built in 1926
Realized Sale
2 Park Avenue
NEW YORK, NY
RMB Advised SEB Immobilien (Based in Frankfurt, Germany) on the sale of the 26 Story 1,182,000 SF Office Building. The property is located on the block front on Park Avenue between 32nd Street and 33rd Street. Colorful & striking 2 Park Avenue Building was built in 1926-28 on lower Park Avenue and was designed by one of New York’s foremost architects of the first half of the twentieth century, Ely Jacques Kahn.
Property TYPE
OFFICE BUILDING WITH RETAIL
Square Footage
2 Park Avenue is a 26-story, Art Deco, 1,182,000 SF Office Building which occupies the entire block front on Park Avenue between 32nd & 33rd Street.
STORY
RMBRE met with the CEO of SEB Immobilien in Frankfurt and negotiated the sale of the 1,100,000 SF Office Building to L & L Holding Company for $450,000,000. The property was then resold to Morgan Stanley's Prime Property Fund for $565,000,000. The office building is the headquarters for Herrick Feinstein Law Firm, Kate Spade & Talbots.
Building Height
26 Story Office Building Built in 1926