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Report: Deka Immobilien's NYC office building up for grabs for $200M

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Report: Deka Immobilien's NYC office building up for grabs for $200M

DekaBank Deutsche Girozentrale's investment arm, Deka Immobilien Investment GMBH, placed the Berkeley Building in Manhattan, N.Y., on the market for about US$200 million, according to a report by The Real Deal.

The deal for the 16-story office building, located at 19 West 44th St., Midtown, is being brokered by Colliers International, the publication reported, citing Real Estate Alert as its source.

The 293,000-square-foot property is 86% leased to tenants including FSS Staffing Solutions, Lazare Kaplan International, Robert Derector Associates and PR shop Kaplow.

Deka added 16 office suites and carried out refurbishments after acquiring the asset for $123.2 million in 2010. The building's previous owner SL Green Realty Corp. paid $91.2 million for the property in 2005, the June 8 report added.