Deal Spotlight: Hinshaw Counsels Client 730 Sky LLC in $135 Million Manhattan Condo Acquisition

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Press Release | 1 min read

Aug 16, 2024

Hinshaw & Culbertson LLP represented 730 Sky LLC on the closing of its acquisition of a residential condominium penthouse unit at the Aman New York at 730 Fifth Avenue, Manhattan, New York.

According to Bloomberg, the $135 million acquisition is the largest residential real estate deal in New York City in 2024 and the fourth largest NYC apartment sale in history. The property is a five-story, 12,500-square-foot penthouse located in the 100-year-old Midtown Manhattan tower, known as the Crown Building for its gilded exterior. Opened in 2022, the Aman New York is an ultra-luxury hotel-condo with 83 hotel rooms and 22 residences.

Hinshaw partner Steven Cronig advised client 730 Sky LLC on the acquisition.

Several news outlets reported on the deal, including the Wall Street Journal, Law360 Real Estate Authority, and 6sqft New York City.

Hinshaw & Culbertson LLP is a U.S.-based law firm with offices nationwide. The firm's national reputation spans the insurance industry, the financial services sector, professional services, and other highly regulated industries. Hinshaw provides holistic legal solutions—from litigation and dispute resolution, and business advisory and transactional services, to regulatory compliance—for clients of all sizes. Visit www.hinshawlaw.com for more information and follow @Hinshaw on LinkedIn and X.