The Real Deal New York

Midtown office building sells for $29M

June 09, 2008 12:26PM
By Adam Pincus

A 72,000-square-foot Midtown office building has sold for $29 million to a firm led by a clothing manufacturer, according to city property records published today.

Broadway 36th Realty, whose managing member is Saul Tawil, closed on the 13-story building at 29 West 36th Street on May 15. The building was built in 1930.

The seller was not identified, but its address was listed as in care of the building’s management company, Bernstein Real Estate.

Saul Tawil is chief executive officer of Ventura Enterprise Co., an overseas clothing manufacturer.

The buyer also took out a $17 million mortgage from Signature Bank.

It was Tawil’s first office purchase, a person close to the deal said. The building was nearly fully leased at the time of the sale.

Tawil was not immediately available for comment. 

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