August 16, 2019
Cushman & Wakefield arranged the sale of 3 E. 44th St., a 14,175-square-foot office property in Midtown East. The final closing price was $15.3 million, or $1,079-per-square-foot.
The firm’s Will Conrad and Rob Shapiro represented the sellers, Bernstein Real Estate and NYC Associates LLC. The building was purchased by the Bill Blass Group.
“Our sale at 3 E. 44th is another example of a user group paying a significant premium to own and operate their own real estate,” said Conrad. “This foreign purchaser’s investment is proof that global capital is still committed to Midtown Manhattan as the epicenter of global corporations, fine dining and culture.
“The construction of One Vanderbilt and the Midtown East Rezoning will continue to attract investment to Midtown from local and foreign buyers alike,” he added.
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