
Rosewood Realty Arranges Sale of Midtown Office Property to Owner-Occupier
Rosewood Realty Group arranged the sale of 62 W. 45th St., a Class B Midtown office building, on West $36 million at a cap rate of 3.67%. The firm’s Aaron Jungreis and Ben Khakshoor represented the seller, Ken Fishel, president of Renaissance Properties.
Built in 1911, the 12-story, 55,150-square-foot property between Fifth and Sixth avenues features 12 office suites and one retail space. Recent capital improvements include a fully renovated lobby, upgraded elevator cabs and new tenant amenity center.
LSI Advisors represented the buyer, Stellar Services, an information/technology company. The buyer plans to occupy the entire building, which is close to Times Square, Rockefeller Center, Bryant Park and Grand Central Terminal.