Muss of Muss Development handles $54.5 million acquisition of 64 West 48th St.

Muss Development LLC has acquired 64 West 48th St., a 17-story, 130,000 s/f office building in the Rockefeller Center area for $54.5 million. Muss will reposition the building as a first-class boutique office building. A building-wide multimillion dollar capital improvement program is already underway, including a restored lobby, new elevator cabs and common areas, new windows, upgraded façade and roof, new HVAC systems, electrical system upgrades, new bathrooms, upgraded security systems and keycard access. 64 West 48th will offer full floors ranging from 6,000-9,000 s/f. A total of 25,000 s/f of space will become available in the next several months and will include full floors. Jason Muss, a principal at Muss Development handled the deal. Mark Lauzon of Cushman & Wakefield (C&W) is the exclusive leasing agent for the office space in the building. Jedd Nero of CB Richard Ellis (CBRE) is representing the 17,000 s/f retail space on the first and below grade levels. Muss Development, LLC is a fully integrated real estate company that handles all aspects of the development process, including zoning and approvals, sales and marketing, construction and management. In business in New York City since 1906, Muss has an unrivaled track record for producing a quality product and satisfied customers.