Sills Cummis & Gross Represents the Zionist Organization of America in Sale of New York City Building for $38+ Million
The Zionist Organization of America, a New York not-for-profit corporation founded in 1897 to aid in the development of the State of Israel and fight anti-Semitism, has sold its office building in Manhattan to an affiliate of the Caerus Group LLC for $38,200,000. The building is a 5-story office building with ground floor retail space located at 4 East 34th Street. At Closing, the Seller leased back certain office space on a temporary basis while it acquires a new Manhattan location to serve as its national headquarters.
The Seller was represented by Mark S. Levenson, David F. Segal, James M. Hirschhorn, Mitchell D. Haddad and Jeffrey Meltzer of Sills Cummis & Gross P.C.