Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

ZOA Building Sold to Leo Tsimmer

4 East 34th Street

The Zionist Organization of America’s building located at 4 East 34th Street has been acquired by Leo Tsimmer’s Caerus Group, The Real Deal reported. The purchase price was not disclosed since the deal is yet to be finalized, but was estimated to cost Caerus as much as $80 million including fees for the development rights.

The property is certainly worth the price since it is located right in the middle of mid-town Manhattan near the Empire State Building, Penn Station, Madison Square Garden and just a few blocks away from Grand Central Station. This is one of the most expensive commercial areas in the world for rents per square foot.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The building currently holds 29, 162 square feet and offers 52, 300 buildable square feet. The Zionist Organization of America first put the property on the market back in February and was reportedly looking for more than $40 million for it.

Caerus says that it specializea in the acquisition, development, stabilization, repositioning, and management of real estate assets in the residential, commercial and hospitality sectors.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News