The Kaufman Organization’s Kaufman Arcade building in Midtown South is on the market for the first time in over 60 years, the New York Post reported. The 198,000-square-foot property at 141 West 35th Street could command north of $90 million, sources told the Post.
Kaufman tapped Eastern Consolidated’s Brian Ezratty and David Schectman to market the mid-block building that runs from West 35th Street to West 36th Street between Broadway and Seventh Avenue.
“People are clamoring for this kind of product at the outskirts of the Hudson Yards,” Schechtman told the Post. The retail space at the building is partially leased by Capitol Fishing Tackle Co.
Kaufman and Invesco recently sold 100-104 Fifth Avenue, a Midtown South tower, to real estate investment manager Clarion Partners for $225 million, after having paid just $93.5 million for the property in 2010. [NYP, 1st item] – Hiten Samtani