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AFIAA Makes Second NYC Buy with 45 W. 45th
Swiss investment foundation AFIAA has acquired an office and retail property at 45 W. 45th St. from New York-based Vanbarton Group. Deal terms weren’t disclosed; published reports put the sale at north of $125 million.
The acquisition on behalf of the AFIAA Global investment group is AFIAA’s second investment in New York, following the acquisition of 119-125 W. 25th St. The 133,000-square-foot Midtown property was constructed in 1923, and has undergone extensive renovations over the years, most recently in 2018.
Located a five-minute walk from Grand Central Terminal, 45 W. 45th sits in a submarket that has strong demand and limited supply of renovated properties, according to AFIAA.
“Thanks to its location and flexible floor plan layout, this property perfectly complements our portfolio in Manhattan,” said Sebastian Feix, AFIAA’s head of transactions international.
AFIAA’s Dino Christoforakis will be among the experts taking the stage at Connect National Investment & Finance, coming to New York on Oct. 23. For more information, or to register, click here.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
