ANS has sold its Manhattan building for $24 million
Michigan
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The nation's preeminent authority on coin collecting, the American Numismatic Society sold it's building at 140 William St. in downtown Manhattan to real estate mogul Kent Swig for $24 million.
CB Richard Ellis' Tim Sheehan and Ned Midgley represented the seller and also negotiated a new lease for the society at One Hudson Square.
The 35,000 square foot building is at the corner of William and Fulton in Downtown Manhattan.
Swig is the president of Swig Equities and co-chairman of Terra Holdings, LC, the parent company of real estate investment and management firm Brown Harris Stevens.
According to its website, Swig Equities owns and manages over four million square feet of commercial office space in Manhattan.
Sheehan is a senior vice president of broker services for CBRE's tri-state region. He joined the firm in 2002 from the Port Authority of New York and New Jersey where he served as assistant director of real estate.
Midgley is a vice president of broker services for CBRE in New York City. Previously he was a real estate investment banker at Dean Witter Reynolds.
CB Richard Ellis' Tim Sheehan and Ned Midgley represented the seller and also negotiated a new lease for the society at One Hudson Square.
The 35,000 square foot building is at the corner of William and Fulton in Downtown Manhattan.
Swig is the president of Swig Equities and co-chairman of Terra Holdings, LC, the parent company of real estate investment and management firm Brown Harris Stevens.
According to its website, Swig Equities owns and manages over four million square feet of commercial office space in Manhattan.
Sheehan is a senior vice president of broker services for CBRE's tri-state region. He joined the firm in 2002 from the Port Authority of New York and New Jersey where he served as assistant director of real estate.
Midgley is a vice president of broker services for CBRE in New York City. Previously he was a real estate investment banker at Dean Witter Reynolds.
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Comments
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
may be a sign of danger or just doing what's best at the time. from my past expereince the former.
Didn't they just move there from upper Manhattan a few years ago?
<< <i>I wonder how much they owed on the building they just sold?
Didn't they just move there from upper Manhattan a few years ago? >>
Yes, from the old location in which the neighborhood had turned dangerous and few people wanted to
visit there for seminars etc. The new location was apparently too expensive but they didn't realize that until
after they closed the deal. Not too long ago they were forced to sell some of their holdings in military decorations
because they were short on money. Not sure what their annual budget is but $24 million sounds like a windfall.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.