Govt. of Singapore pays $29.5M for Manhattan retail bldg

December 11, 2009
Singapore Democrats

This post is at least a year old. Some of the links in this post may no longer work correctly.

Sean Glenn

CoStar Group

The Government of the Republic of Singapore acquired 318 E. 48th St. in Manhattan from Chapman Consulting Group for $29.5 million, or $787 per square foot.

The five-story, 37,500-square-foot former parking garage was built in 1940 and renovated in 1956. It is in the Plaza District. The Government of Singapore plans to convert the property into a modern office building.

Gil Robinov of NAI New York City represented Singapore. David Noonan of Newmark Knight Frank represented the seller, Chapman Consulting Group.

http://www.costar.com/News/Article.aspx?id=9C3C599BE4D7214DC03BF4755295D123