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New York & Tri-State  + Midtown New York  + Office  | 

Bill Blass Group Nabs Boutique Offices in Midtown East

Cushman & Wakefield arranged the sale of 3 E. 44th St., a 14,175-square-foot office property in Midtown East. The final closing price was $15.3 million, or $1,079-per-square-foot.

The firm’s Will Conrad and Rob Shapiro represented the sellers, Bernstein Real Estate and NYC Associates LLC. The building was purchased by the Bill Blass Group.

“Our sale at 3 E. 44th is another example of a user group paying a significant premium to own and operate their own real estate,” said Conrad. “This foreign purchaser’s investment is proof that global capital is still committed to Midtown Manhattan as the epicenter of global corporations, fine dining and culture.

“The construction of One Vanderbilt and the Midtown East Rezoning will continue to attract investment to Midtown from local and foreign buyers alike,” he added.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition