155 West 23rd St.

NEW YORK CITY—Recently launched MC Real Estate Partners LLC anda private investor have purchased of 155 West 23rd Street from TheKaufman Organization and Goldman Sachs Asset Management PrivateReal Estate. The sellers originally acquired the 82,000, 12-storybuilding in 2015 under a 99-year newly-formed ground lease.

The 84-year-old building is located in Chelsea and is fullyoccupied.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.