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    RMB Properties

    711 Fifth Avenue, 16th Floor
    New York, NY 10022
    (212) 689-8000
    Website
    [email protected]
    RMB Properties, Real Estate Salesperson
    711 Fifth Avenue, 16th Floor, New York, NY, (212) 689-8000
    ...
    • Event Sales
    • Address 405 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Price $ 180,000,000
    notes
    The high-rise building sold for $180 million to the partnership.
    • Event Sales
    • Address 2 Park Avenue
    • Neighborhood Garment District
    • Borough Manhattan
    • Square feet 855,142
    • Publication Date 09/01/2006
    • Event Date 07/23/2006
    • Party 1 L&L Holding, General Electric Pension Trust
    • Party 2 L&L Holding Co., General Electric Pension Trust
    • Party 2 Brokerage RMB Properties
    notes
    The building is in contract for an undisclosed amount.
    • Event Sales
    • Address 240 East 27th Street
    • Neighborhood Kips Bay
    • Borough Manhattan
    • Square feet 292,000
    • Price $ 158,000,000
    • Price per foot $ 541.10
    • Publication Date 07/01/2006
    • Event Date 05/22/2006
    • Party 1 Wards Construction
    • Party 1 Brokerage RMB Properties
    • Party 1 Broker Rama Bassalali
    • Party 2 Brack Capital
    • Party 2 Brokerage Brack Capital
    • Party 2 Broker Moshe Azogui
    notes
    The 324-unit property, which includes a 200-car garage, sold for $158 million, which represents a sub-four capitalization rate, a per square foot price of $541, and a gross rent multiple of 16. Brack plans to convert the building into condominiums.
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