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Avison Team Arranges Office Condo Sale in Midtown South
Avison Young’s tri-state investment sales group arranged the sale of a 13,966 square-foot vacant office condominium occupying the entire 10th floor of 20 W. 33rd St., between Fifth Avenue and Broadway. DKCOS CORP., a cosmetics company, purchased the Midtown South office condo for $12,499,570.
A team led by James Nelson along with David Lawrence and Carter Lovejoy represented the sellers, 60 Guilders and The Carlyle Group, in the negotiations. Zelnik & Company’s Rachel Kim advised the buyer.
“This sale is a great indicator of the strength of the office condominium market in Midtown Manhattan,” Nelson said. “DKCOS CORP. will greatly benefit from the ability to lock in their occupancy costs and avoid the rising expense of leasing office space, while also owning an asset that will appreciate in value over time.”
Avison Young is marketing both vacant and occupied office condos at 18 and 20 W. 33rd.
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- ◦Economy
- ◦Sale/Acquisition
