**Brookfield Sells Manhattan Office Building for $150M, Takes $105M Loss**
A fund affiliated with Brookfield Properties has sold its office building at 333 W. 34th St. in Midtown Manhattan for $150 million, marking a $105 million loss from its original purchase price, according to the *New York Business Journal*. Brookfield originally acquired the 286,000-square-foot building from New York REIT in 2018 for $255 million.
The buyer has been identified as B&H Photo Video, which operates a nearby superstore at 420 Ninth Ave. Reports indicate that B&H plans to occupy the property.
“The sale of 333 W. 34th St. to a user is a win for both parties, granting the strategic buyer control over its future home and allowing Brookfield to deploy capital toward high-performing assets elsewhere,” a Brookfield spokesperson said in a statement.
The transaction comes two years after Brookfield entered a $105-million loan agreement on the property with German bank Landesbank Baden-Württemberg, according to the *New York Business Journal*.
