X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The Kaufman Organization has acquired 27–35 W. 24th St. in the heart of the Flatiron District for approximately $55.5 million, according to a release. Prince Realty Advisors advised Kaufman on the purchase from JH Management Co., which in turn was advised by Massey Knakal Realty Advisors.

Built in 1914, 27–35 West 24th is an 11-story, 120,000-square-foot office building between Fifth Avenue and Avenue of the Americas, just off Madison Square Park. Kaufman plans to refurbish, rebrand and reposition the building over the next several years. The planned $2.5-million capital improvement program includes upgrades to the lobbies, elevators and building infrastructure.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.