Sedesco has acquired an office building in Midtown Manhattan for $77.5 million in a fee-simple interest transaction from a private family. Located at 37 West 57th Street, the 13-story, 80,000-square-foot building sits two blocks from Central Park along New York City’s Billionaires’ Row.  

Hodges Ward Elliott represented the seller in the deal with a team led by Anthony Ledesma, Paul Gillen and Allie Boyan. The buyer was represented by Josh Augenbaum of Augenbaum Realty. 

“We’re pleased to have arranged the sale of 37 West 57th Street, a generational New York asset that hasn’t been available for purchase for nearly three decades,” said Ledesma. “The opportunity to acquire a well-located, development site in a submarket with high barriers to entry was attractive to the buyer. Despite the challenging investment market, prime sites like 37 West 57th Street continue to garner interest from discerning investors.”