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AmTrust Acquires 260 Madison Ave. from The Sapir Organization
AmTrustRE completed its $211-million acquisition of 260 Madison Ave., a 22-story, 570,000-square-foot office building in Midtown Manhattan. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring on behalf of Stacom CRE, with support for market outreach from David Ash of Prince Realty Advisors, represented the seller, The Sapir Organization.
“As demand for top-tier office space in Midtown and other core New York City districts remains strong, we are strategically expanding our footprint through targeted investments like 260 Madison, enhancing the asset while creating long-term value for tenants and the surrounding neighborhood,” said Jonathan Bennett, president of AmTrustRE.
AmtrustRE’s acquisition of 260 Madison Ave. is its second major deal for a commercial asset in Midtown in the space of a year. The owner-developer paid $66 million for 360 Lexington Ave., a 24-story, 268,000-square-foot office building in Midtown East, in late 2024.
- ◦Sale/Acquisition
