100 Maiden Lane Sells for $57M

NEW YORK CITY–The 290,000-sf 100 Maiden Lane, which served as the home of Cadwalader, Wickersham & Taft, will be converted to approximately 400 residential units. The 24-story art deco site sells to Lalezarian Developers for a reported $57 million or $190 per sf.

The law firm had retained the services of the New York Capital Markets group of Jones Lang LaSalle to sell the site, which Cadwalader reportedly paid $20 million for in 1983. Cadwalader was represented by Noble Carpenter, managing director, Mark Marasciullo, senior vice president, and Jay Miele, associate. Lalezarian was repped in house by Frank Lalezarian. When the sale was announced last June Carpenter noted that the site would appeal to someone interested in residential conversion.