Manhattan, NY Kinsey Capital has completed the sale of 4-6 E 34th St., a prime office property in the borough’s NoMad neighborhood. The property, 29,162 s/f sold for $38.25 million or $1,312 per s/f. The property also maintains its air rights and can be built to 52,300 s/f.
The property was purchased by an affiliate of Caerus Group and sold by the Zionist Organization of America (ZOA).
Brent Glodowski of Kinsey represented Caerus in the transaction and ZOA was represented by CB Richard Ellis.
Leo Tsimmer’s Caerus Group has recently acquired adjacent properties, which allows for multiple investment strategies.
Caerus Group is a multi-faceted investment, development and management company located in New York City. The firm owns and manages properties with concentration on value-added opportunities primarily in Manhattan.
Kinsey Capital represents buyers and sellers in the acquisition and sale of multifamily, office, development, conversion, retail and mixed-use commercial properties primarily in the New York City metropolitan region.