NAI Global New York City Arranges $29.5 Million Purchase of 318 East 48th Street on Behalf of the Government of the Republic of Singapore

The Government of the Republic of Singapore has purchased 318 East 48th Street, a 40,000 square foot five-story garage building for $29.5 million. The government plans to convert the property into a modern office building which it will utilize for its Mission to the United Nations and its Consulate offices. Once the project is completed, the government will relocate from its current 231 East 51st Street location.

The Government of Singapore was represented by Gil Robinov, Executive Managing Director of the International Advisory Group of NAI Global of New York City. The seller was represented by David Noonan of Newmark Knight Frank. The building is owned by Chapman Consulting Group LLC.

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