Anne Park Acquires Mixed-Use Property At 17 West 24th Street In Flatiron, Manhattan For $8.15M

The mixed-use property located at 17 West 24th Street in Flatiron, Manhattan, has been sold. The property spans 8,480 square feet and was sold for a total price of $8,150,000, resulting in a price per square foot of $961. The transaction closed on December 29, 2023, with a cap rate of 6.1%. The seller of the property was DelShah Capital, represented by Matthew Fotis, Colton Traynham, and Michael Weinstein of Marcus & Millichap. The buyer of the property was Anne Park, represented by Stacy Gim of Compass.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $8,150,000
• Square Footage: 8,480
• Price per Square Foot: $961
• Cap Rate: 6.1%
• Seller: DelShah Capital
• Seller's Representative: Matthew Fotis, Colton Traynham, and Michael Weinstein - Marcus & Millichap
• Buyer: Anne Park
• Buyer's Representative: Stacy Gim - Compass

Matthew Fotis, Colton Traynham, and Michael Weinstein from Marcus & Millichap represented the seller, DelShah Capital, in this transaction. Stacy Gim from Compass represented the buyer, Anne Park.