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Deals & Dealmakers

Harbor Group sells six floors at 24 Bryant Park for $45M

The Harbor Group has sold six floors at 24 Bryant Park South for $45 million.

The six sales were completed in three separate transactions, all with top firms in the real estate and finance industries, the company said in a statement.

One purchaser acquired floors four through six; another has purchased floors nine and ten; and the third has purchased the 14th floor in the 17-story-building.

Harbor Group bought 24 West 40th Street in partnership with Thor Equities in January 2015. they renamed it 24 Bryant Park South and invested around $3.5 million in renovations that included a new lobby and entryway with marble walls and finished stone flooring.

Limited floors remain available for sale and for lease according to
Newmark Grubb Knight Frank (NGKF) which brokered the sale of the six commercial condominium units, totaling 30,000 s/f.

NGKF’s Scott Klau, Erik Harris and Zachary Weil represented the owner, described as an affiliate of Harbor Group International, LLC.

Harbor Group International, LLC, which maintains its 10,000 s/f New
York corporate office at the building, provides real estate investment opportunities in the worldwide market to
accredited individual and institutional investors.

It controls approximately $4.5 billion in real estate investment properties and continues to explore additional opportunities to share with investors.

“This boutique 17-story building is a paramount for any tenant seeking the energy of Bryant Park and the convenience of Midtown,” said Harris.

“Surrounded by first-class hotels, white tablecloth dining, luxury retail, high-end fitness centers and centrally located to all three transportation hubs, one is hard pressed to find a location that has more to offer.”

“24 Bryant Park South is a one-of-a-kind building providing a unique opportunity to own a condo on Bryant Park,” said Jordan E. Slone, Chairman & CEO of Harbor Group International.

“The prime location was a key factor in HGI’s investment in the property and our decision to locate our New York corporate office there on a long-term basis.”

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