Tishman Realty Acquires Package Deal of 70 Residential Condos in Midtown West for $87.4M

Tishman Realty has acquired a package deal of 70 residential condos in Midtown West for $87.4M from Mi & Co Development, with the help of brokers Yoav Oelsner and Glenn Tolchin of Upland Property Advisors. The property, located at 505 W. 43rd Street, was designed by ODANewYork and features interior design by LemayEscobar.

The sale price equates to a per unit price of 1,250,000 and a per square foot price of 1,136. The 76,900 square foot property consists of 70 residential condos, making the average unit size approximately 1,098 square feet. The property is located in the Midtown West market, which has seen a surge in demand for residential real estate in recent years.

Tishman Realty, a New York-based real estate investment and development firm, has a strong presence in the New York City market. The firm has been involved in a number of high-profile real estate deals in recent years, including the development of the 1.2 million square foot mixed-use project, The Spiral, in Hudson Yards.

Mi & Co Development, the seller of the property, is a real estate development firm based in New York City. The firm has been involved in a number of residential and commercial real estate projects throughout the city.

Yoav Oelsner and Glenn Tolchin of Upland Property Advisors represented both the buyer and the seller in the transaction. Upland Property Advisors is a New York-based real estate brokerage firm that specializes in commercial and residential real estate transactions throughout the city.

Overall, the acquisition of this package deal of residential condos in Midtown West is a strong move for Tishman Realty, as the demand for residential real estate in the area continues to grow. With the help of brokers Yoav Oelsner and Glenn Tolchin, Tishman Realty was able to secure the property at a favorable price, making this a win-win deal for both the buyer and the seller.