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Midtown South Commercial Asset Sold for Conversion

NEW YORK CITY—Purchased by the Amirian Group, the building straddles Chelsea and the Flatiron district and will be made into a luxury residential building.

By Rayna Katz | Updated on March 17, 2015

NEW YORK CITY—The Amirian Group, a developer, has acquired 117-119 W. 21st St. a vacant, midblock commercial building in the Chelsea/Flatiron portion of Midtown South, for $28.5 million.

Brian Ezratty, principal and vice chairman at Eastern Consolidated, arranged the transaction on behalf of the seller and procured the purchaser. Manish Majithia facilitated the equity for the Amirian Group. Richard Horowitz, of Cooper Horowitz, brokered the acquisition and construction financing. Andrew Albstein and Rob Loshiavo of Goldberg, Weprin, Finkel, Goldstein were the attorneys for the seller while Matt Kasindorf and David Moss of Meister Seelig & Fein were the attorneys for Amirian.

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