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New York

MRP, Long Wharf put Midtown office condo on the market

Partners bought portion of 135 West 53rd Street in 2015

MRP's Managing Principal Robert Murphy and renderings of 135 West 52nd Street (Credit: Williams New York)
MRP's Managing Principal Robert Murphy and renderings of 135 West 52nd Street (Credit: Williams New York)

MRP Realty and Long Wharf Real Estate Partners put a 60,000-square-foot Midtown office condo up for sale.

The partners bought the six-story property, which sits at the base of a 47-story condominium tower at 135 West 52nd Street [TRDataCustom], from developer Joe Chetrit for $36.3 million in September 2015.  At the time Chetrit was converting the upper floors from a hotel into apartments. In November 2015, Chetrit settled a lawsuit that he accepted $40 million in laundered money out of Kazakhstan to fund the condo conversion.

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Crain’s reported that the office condo up for sale is vacant. MRP and Long Wharf renovated the lobby and added a pre-built office space. JLL has the listing.

Washington, D.C.-based MRP partnered with Deutsche Bank last year to buy 405 Park Avenue for $240 million. [Crain’s] — Konrad Putzier 

(To view more commercial sales transactions in Midtown, click here)

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Commercial Real EstateManhattan Office Market