Printer Friendly

Bank buys Midtown building.

Following the trend of banks relocating from lower Manhattan to Midtown, Banca Di Roma has purchased 34 East 51 st Street for its New York headquarters.

Galbreath Riverbank's Alan M. Bourne and Scott C. Coopchik represented the seller, AD 51 Company, led by George Transom. The 10-story, 42,000-square-foot property sold for $11.9 million.

Banca Di Roma has leased offices at 100 Wall Street for many years.

The bank plans to completely renovate the interior of 34 East 51st Street before moving in. This prestigious building was developed in 1922 and is located directly between the New York Palace Hotel and Mutual of America building at 320 Park Avenue. Michael Salzhauer of CHH Realty and the Americon Consulting Group represented Banca Di Roma in the transaction.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Banca di Roma purchases commercial building at 34 East 51st St., New York, New York
Publication:Real Estate Weekly
Date:Feb 17, 1993
Previous Article:Hotels to be sold in sealed bid sale.
Next Article:Harper-Lawrence closes deals.

Related Articles
Newmark arranges 2 leases at 18 East 50th Street.
Banco Di Napoli buys 4 East 54 Street.
New York markets still a tale of two cities.
$39-a-foot in Midtown? A REIT snaps it up.
Downtown fueled by bank lease.
Sales. (Real Estate: On the Scene).
Sage Group Associates closes 7,200 s/f Wachovia lease deal.
149,000 s/f in leases inked at Citigroup Center.
Italians stay put at 375 Park.
Reckson pays $470m for Citigroup tower.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters