NEW YORK—Atlas Capital has acquired 311-319 West 43rd Street, a 14-story, 100 percent occupied office building located between Eighth and Ninth Avenues for $62.4 million.

Eastern Consolidated Chairman and CEO Peter Hauspurg with Vice Chairman Brian Ezratty and Director Financial Services Scott Ellard represented the seller, Zubarry Associates, while Ezratty also procured the buyer, who assumed the seller’s mortgage in the form of a securitized loan.

A class B property, 311-319 West 43rd Street is located in Midtown West. Current zoning could allow for a future conversion of part of the building to residential use when current commercial leases expire.