Rosewood Realty Group and LSL Advisors Broker $36 Million Sale of Office Building on West 45th Street in New York City

In a significant deal in the New York City commercial real estate market, Rosewood Realty Group and LSL Advisors have successfully brokered the sale of a prime office building located at 62 West 45th Street for 36 million. The 55,150 square foot property was sold at a price of 652 per square foot, making it a highly valuable asset in the heart of Manhattan.

The buyer and seller information for this transaction has not been disclosed. However, the property type is confirmed to be office space. The deal was facilitated by Rosewood Realty Group and LSL Advisors, two prominent brokerage firms in the New York City market.

62 West 45th Street is situated in a highly desirable location in Midtown Manhattan, just steps away from Times Square and the Theater District. The area is known for its vibrant atmosphere, with numerous restaurants, shops, and entertainment options. The property offers excellent accessibility, with close proximity to major transportation hubs, including Grand Central Terminal and Penn Station.

The office building features a modern design and offers a range of amenities to tenants. The property is equipped with state-of-the-art technology and infrastructure, making it an attractive option for businesses in various industries. The building also boasts stunning views of the surrounding cityscape, including iconic landmarks such as the Empire State Building and Rockefeller Center.

The sale of this office building highlights the continued strength of the New York City commercial real estate market. Despite the challenges posed by the COVID-19 pandemic, demand for prime office space in Manhattan remains robust. The city’s status as a global business hub and its vibrant cultural scene continue to attract businesses and investors.

Rosewood Realty Group is a leading commercial real estate brokerage firm in New York City, specializing in investment sales, leasing, and financing. The firm has a strong track record of successful transactions across various asset classes, including office, retail, and multifamily properties. LSL Advisors is also a prominent player in the New York City market, providing comprehensive real estate services to clients.

Overall, the sale of the office building on West 45th Street is a significant transaction in the New York City commercial real estate market. The property’s prime location, modern design, and range of amenities make it an attractive investment opportunity. With the expertise of Rosewood Realty Group and LSL Advisors, the deal was successfully executed, further demonstrating the strength and resilience of the city’s real estate sector.