-- The Kabbalah Centre of New York, a New York–based nonprofit organization known for its spiritual teachings of Kabbalah and its affiliation with some of the world’s biggest celebrities, recently acquired The Fine Arts Building, a beautiful and historic cast-iron building constructed at the turn of the last century and situated at 232 West 59th Street, between Second and Third Avenues. The Historic Fine Arts Building boasts a long roster of prominent and high-profile tenants and was acquired from Greek businessmen for a price of $60 million dollars.
“We are delighted to have another meaningful investment in New York City,” said Eliran Bar, Vice President of Real Estate for Kabbalah Centre International, who is in charge of overseeing and managing the organization’s real estate assets worldwide. “This latest acquisition is an important part of our growing investment portfolio and will invariably increase the value and outreach of our already great organization.”
“Transactions of this nature usually entail a higher level of complexity and many more moving elements, and this particular transaction was certainly no exception, but I am happy to say that, thanks to everyone’s hard work, we got this deal closed without a hitch,” said Alexander Kanen of Kanen Law Firm, who represented the organization in this acquisition as well as in other real estate investments. “I have great respect for the Kabbalah Centre and for the positive impact it makes on the communities it serves. It's an honor to be part of this process,” said Mr. Kanen.
About The Kabbalah Centre New York:
Dedicated to teaching Kabbalah as a means of creating a better life and world, The Kabbalah Centre New York maintains study centers and bookstores in Midtown Manhattan, Union Square, and Brooklyn.
About Kanen Law Firm:
Based in the heart of Midtown Manhattan, Kanen Law Firm represents a wide array of domestic and international corporations, high net worth individuals and foreign dignitaries in the purchase, sale, lease and financing of real estate. Alexander Kanen, the managing partner of the firm, has counseled clients on some of the most complex and challenging real estate transactions. An attorney and a serial entrepreneur, Mr. Kanen draws on his wide-ranging expertise to craft strategic partnerships and joint ventures and works extensively with international high net worth businesses and private clientele. For more information about Kanen Law Firm, please visit www.kanenlaw.com or call 212-922-9099 today.
Contact Info:
Name: Alexander Kanen
Email: Send Email
Organization: Kanen Law Firm
Address: New York, NY, 10016
Phone: 212-922-9099
Website: http://www.kanenlaw.com/
Release ID: 284821
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