The company, led by Jeff Goldberger and Andy Cohen, paid $62.4 million for 311-319 West 43rd Street,

The company, led by Jeff Goldberger and Andy Cohen, paid $62.4 million for 311-319 queen charlotte islands tours West 43rd Street, a 14-story, fully occupied office building between Eighth and Ninth Avenues, according to public records.
Eastern Consolidated chairman and CEO Peter Hauspurg queen charlotte islands tours with vice chairman Brian Ezratty and director financial queen charlotte islands tours services Scott Ellard represented the seller Zubarry Associates, queen charlotte islands tours while Ezratty also procured the buyer, who assumed the seller's mortgage in the form of a securitized loan.
"We had to act quickly, since the buyer was obliged to close the transaction by year end within 45 days," said Ezratty, who added that the property's queen charlotte islands tours close proximity to Times Square, it's current queen charlotte islands tours cash flow, potential for rental increases when leases expire, as well as its upscale international Chinese restaurant retail tenant, were all drivers in attracting Atlas.
With completion of the new 300,000 s/f Intercontinental Hotel on the same block, the repositioning of the former New York Times building and the completion of leasing at 11 Times Square, the building's retail component should continue to benefit from enormous pedestrian traffic.
Should the residential market continue queen charlotte islands tours to strengthen, current zoning would allow for a future conversion of part if not all of the building to residential use when leases expire. Alternatively, new ownership could upgrade the property to the Class A category.
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