292 Madison Avenue
60 Guilders Alt Equity Group And Premium Merchant Funding Acquire 292 Madison Avenue Office Space From Vanbarton Group For $90.5M
The property involved in this transaction is an office asset located at 292 Madison Avenue in Midtown Manhattan. The sale price was $90,500,000, with a total square footage of 204,200, resulting in a price per square foot of $443.
Summary of transaction details:
Property Type: Office
Transaction Amount: $90,500,000
Sale Date: 11/04/2024
Address: 292 Madison Avenue
Market: Midtown Manhattan
Buyer: 60 Guilders, Alt Equity Group & Premium Merchant Funding (PMF)
Seller: Vanbarton Group
Broker: Newmark
Square Footage: 204,200
Price Per Square Foot: $443
The transaction was finalized by 292 Madison LLC, which was established to acquire the property. Premium Merchant Funding (PMF) played a significant role as both an investor and a tenant, leasing the entire 10th floor. This acquisition was marked by a ribbon-cutting ceremony attended by various investors and representatives from PMF, highlighting the collaborative effort that made the deal possible.
292 Madison Avenue Party