Page 18 - Venture Capital Properties

weSt 40th Street Beekman Street new york, new york new york, new york Address Address 104 West 40th Street 5 Beekman Street New York, New York New York, New York Sale Price Sale Price $103,000,000 $64,000,000 Building Size Building Size 211,837 SF 164,267 SF Building Use Building Use Office Commercial Seller Seller Savanna Fund Chetrit & Bonjour Capital Buyer Buyer Princeton International Properties The Chetrit Group & Bonjour Capital This Class A office tower is a landmark building in the Midtown Manhattan This abandoned property was sold as an opportunity to develop the office district with a glass façade and stunning views of Bryant Park. building into a hotel that will revive the property’s historic architecture. The building boasts a full glass-ceiling atrium and balconies on each floor with beautifully detailed original cast iron railings. 18 © 2016 VENTURE CAPITAL PROPERTIES WWW.VCPRE.COM 19