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AFIAA acquires 45 West 45th Street

Swiss firm AFIAA has acquired 45 West 45th Street from Vanbarton Group for $126 million. The 16-story Midtown office building spans 135,533 SF, and is located between Fifth and Sixth Avenues.

  • Office tenants include Knotel (35,292 SF), while retail tenants include Valerie, Orangetheory Fitness, and Fournos. 
  • Flashback: Vanbarton’s Richard Coles and Gary Tischler paid $81 million to acquire the asset in 2015. The firm spent about $12 million upgrading the property, which included a full elevator modernization, fire life safety system upgrade, a new HVAC system, a rooftop terrace, and a redevelopment of the retail space.
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