Cyrus Sakhai Acquires Office Building In Flatiron District, Manhattan For $126.5M

The office building located at 100 5 Avenue in the Flatiron District of Manhattan has been sold in a closed transaction. The property, spanning 224,260 square feet, was sold for a price of $126,500,000, resulting in a price per square foot of $564.

Summary of transaction details:

• Property Type: Office
• Sale Price: $126,500,000
• Square Footage: 224,260
• Price per Square Foot: $564
• Address: 100 5 Avenue, Flatiron District, Manhattan

Cyrus Sakhai acted as the buyer in this transaction, while Jonathan Gelb represented the seller. Both parties were instrumental in successfully completing the deal.