SL Property Group Acquire Mixed-Use Property At 40 East 23rd Street For $7.375M

The property asset involved in this transaction is a mixed-use building located at 40 East 23rd Street in the Flatiron District. The sale price for the property was $7,375,000, with a total square footage of 9,126 and a price per square foot of $808.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,375,000
• Address: 40 East 23rd Street
• Market: Flatiron District
• Square Footage: 9,126
• Price per Square Foot: $808
• Buyer: SL Property Group
• Brokers: Richard Velotta, Daniel (Danny) Handweiler & Gabi Grob - Raven Property Advisors

SL Property Group is under contract on several other properties in Manhattan and is actively acquiring additional value-add and development/conversion properties, as well as Core+ assets, within the price range of $5-$100M in prime areas of Manhattan and Brooklyn.