56 West 22nd St.
NEW YORK CITY- The Kaufman Organization has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.
The Kaufman Organization acquired the property from the Blum Family. The building was constructed in 1907, which Maynicke & Franke designed, and totals 66,190 square feet. On the ground and lower floors are 6,471 square feet of retail space and 47 feet of retail frontage, and on the second through 12 floors are 59,719 square feet of office space.
Situated on Fifth and Sixth avenues, the property is in proximity to the Flatiron Building and Madison Square Park. In recent years, the Flatiron District has emerged as one of the most sought after neighborhoods in the city, attracting droves of technology companies. Nearby 56 West 22nd St. are the 1, 6, D, M, R, W and PATH trains.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
