Blackstone snags Midtown office building for $167M

Leon Charney sells 22-story building located in the Times Square area

114 West 41st Street near Times Square
114 West 41st Street near Times Square

Blackstone Real Estate Advisors picked up an office building for $165.7 million from Leon Charney’s L.H. Charney & Associates.

The building, located at 114 West 41st Street in the Times Square area, is situated between Broadway and Sixth Avenue. The property underwent $7 million in capital improvements two years ago, including a new retail facade and a lobby.

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The deal closed on Dec. 24 and was recorded yesterday, the New York Observer reported. [NYO] — Tess Hofmann