The Union of Orthodox Jewish Congregations of America through the entity Union Of Orthodox Jewish Congregations Of America paid Philips International’s 40 Rector Owner LLC $25 million for 40 Rector Street in Financial District. The deal closed on January 14, 2021 and was recorded on January 25, 2021. The transaction consists of 2 parcels, including the tax class office condominium (RB). The properties have a total of 48,824 square feet of built space. The parcel(s) have total development potential of 48,824 square feet.
The average sale price per square foot is $512.
Philips International was the developer of the commercial condo building with 17 units. The contract date was December 2, 2020.
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The signatory for the buyer was Mark Moishe Bane.