Sales | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Sales
  • Event Sales
  • Address 332 West 44th Street
  • Square feet 44,564
  • Price $ 29,000,000
  • Price per foot $ 650.75
  • Borough Manhattan
  • Neighborhood Midtown West
  • Publication Date 03/01/2012
notes
The garage sold for $29 million. The site is just two blocks away from Extell Development's 50-story hotel project at 131-139 West 45th Street, which Gary Barnett, the company's president, said last year would go ahead despite the company having sold off 11 adjacent commercial property lots in Midtown for approximately $125.16 million, including the hotel site, in July. He told The Real Deal the transaction was primarily a strategy to get an equity partner involved with the hotel project.