Moses Mizrahi pays $22M to CSC Real Estate for office condo in Murray Hill

Moses Mizrahi through the entity 300 E 42 U2 LLC paid $22 million to CSC Real Estate through the entity 300 East Holdings LLC for the multi-floor office condominium unit, called Unit 2, at 300 East 42nd Street in Murray Hill, Manhattan. The expected use is cash flowing.

The unit has a total of 51,735 square feet over 11 floors, but the vast majority of that space, 49,267 square feet, is concentrated on floors 2 through 5, which are listed as office floors on the 2025 plans CSC Real Estate filed, which called for converting floors 6, 7, 8, 9, 13 and 14 from office to residential with a total of 77 units.

The sale closed on April 14, 2026 and was recorded on April 16, 2026. The property has 51,735 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $425 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for CSC Real Estate was Alberto Smeke Saba . The signatory for Moses Mizrahi was Moses Mizrahi. The contract date was April 23, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Moses Mizrahi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller CSC Real Estate purchased four properties in four transactions for a total of $107.2 million and sold one property in one transaction for a total of $5.3 million over the same time period.

The property

PincusCo cannot determine the lot area of the 300 East 42nd Street parcel at this time.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of one of the two commercial properties representing 207,887 square feet of the 349,645 square feet. The identified owner is David Werner Real Estate Investments.
There are no active new building construction projects on this tax block.

The majority, or 59 percent of the 349,645 square feet of built space are office buildings, with hotel buildings next occupying 41 percent of the space.

The seller

The PincusCo database currently indicates that Csc Real Estate owned at least four commercial properties in New York City with 448,362 square feet and a city-determined market value of $104.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, all identified are office properties.

The buyer

The PincusCo database currently indicates that Moses Mizrahi owned at least 55 commercial properties with 1,139 residential units in New York City with 905,920 square feet and a city-determined market value of $75.4 million. (Market value is typically about 50% of actual value.) The portfolio has $76.2 million in debt, with top three lenders as Greystone & Co., Greystone, and First Republic Bank respectively. Within the portfolio, the bulk, or 98 percent of the 905,920 square feet of built space are walkup properties, with mixed-use properties next occupying 1 percent of the space. The bulk, or 44 percent of the built space, is in Manhattan, with Brooklyn next at 44 percent of the space.

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