[caption id="attachment_227289" align="aligncenter" width="578"]![]( "Meringoff158w27Himmel")
From left: Stephen Meringoff, 158 West 27th Street and Leslie Himmel[/caption]
Two real estate investors who picked up a 116,000-square-foot building at 158 West 27th Street for $25 million in 2010 have more than doubled their money, selling the Midtown South property for $57.5 million, Crain’s reported. Stephen Meringoff and Leslie Himmel sold the building to Emmes Asset Management. Adam Spies and Doug Harmon of Eastdil Secured—the same pair who handled the Chetrit Group’s $1.1 billion purchase of the Sony Tower—brokered the deal. Meringoff and Himmel acquired the building in 2010 by assuming the building's distressed debt and forcing a takeover. [more]![]()
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From left: Stephen Meringoff, 158 West 27th Street and Leslie Himmel[/caption]
Two real estate investors who picked up a 116,000-square-foot building at 158 West 27th Street for $25 million in 2010 have more than doubled their money, selling the Midtown South property for $57.5 million, Crain’s reported. Stephen Meringoff and Leslie Himmel sold the building to Emmes Asset Management. Adam Spies and Doug Harmon of Eastdil Secured—the same pair who handled the Chetrit Group’s $1.1 billion purchase of the Sony Tower—brokered the deal. Meringoff and Himmel acquired the building in 2010 by assuming the building's distressed debt and forcing a takeover. [more]