Edward J. Hart of the Kaufman Organization executes $35.5M transaction with the estate of George S. Kaufman for office property in Garment District

Edward J. Hart of the Kaufman Organization through the entity EJH 34th & 10th LLC executed a transaction with the estate of George S. Kaufman valued at $35.5 million for an interest in 520 8th Avenue in the Garment District. The deal closed on October 24, 2019, and was recorded on October 30, 2019. The transaction consists of 1 parcel, including the tax class office building tower type with 20 or more stories (O4).
This was not a deed transaction, instead a transfer of an interest from the estate to Hart.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with one residential unit on September 5, 2012.
Over the past five years, there have been 23 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 23 renovation/alteration projects (A2) applied for with a total estimated value of $3,481,060.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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