Published On: Sun, Jul 20th, 2014

Robert Weisz Gets Midtown Manhattan Office Building for $80 Million

Weisz is expanding his real estate empire into New York City.

240 West 35th Street

Known for his real estate holdings in Westchester county, NY,  the CEO of real estate investment firm RPW Group Robert Weisz has made his first acquisition in Manhattan,  acquiring 240 West 35th Street in midtown Manhattan for $80, million.

The 161, 588-square-foot office building, also known as the Art Craft Building, is located between Seventh and Eighth Avenues.

The building is loft style, with high ceilings throughout. Its recent renovations include a new lobby, elevator cabs, new common hallways, new tenant entry doors and new common bathrooms. Its services include 24/7 access, concierge, Energy Star label, on-site management, and up-to-date security system. There is also an attended lobby, new, operable thermopane windows, and it is right near the 34th Street subway lines.

It was constructed in 1924 and has 17 stories. It was purchased from Hidrock Realty, which bought it for $58 million in 2008.The building is 100% occupied.

Robert Weisz is Chairman and Chief Executive Officer of the RPW Group, Inc., the largest private owner of Class A office buildings in Westchester County, as well as one of the largest land holders in Westchester, NY.

Mr. Weisz serves on the Board of Directors of the Westchester County Association, New Rochelle Police Foundation, Arts of Westchester, and Mount Vernon Chamber of Commerce. He is also Chairman of the Board of Reaching U, a non-profit organization working to benefit low-income mothers and children in Uruguay

RPW Group, Inc. was founded in 1979 and is a fully integrated real estate organization providing ownership, in-house management, construction, and maintenance of all of its buildings.

To date RPW’s projects total in excess of 3, 000, 000 sq. ft. of office, retail, and warehouse space. RPW is currently the largest landlord of medical space in Westchester County, excluding hospitals and rehab centers.

Between 2002-03, RPW expanded its portfolio along the I-287 corridor with acquisitions in excess of $500, 000, 000. It operates six office buildings in central Westchester, four of which are located on Westchester Ave.

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