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Foreign Capital Group Acquires Mixed-use Asset From Danny & Andy Wrublin For $14.5M

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SOLD
$14,500,000

New York

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Mixed-use35,613 SF
Sold 03/16/2026
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Property Image
SOLD

Foreign Capital Group Acquires Mixed-use Asset From Danny & Andy Wrublin For $14.5M

60 West 22nd Street, 62 West 22nd Street & 684 Sixth Avenue

See Similar Deals
Mixed-use35,613 SF
Sold 03/16/2026
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$407
Total Square Footage:35,613 SF
Transaction Type:Sale

This mixed-use asset, located at The Flatiron Trio - 60-62 West 22nd Street & 684 Avenue of the Americas, was sold for $14,500,000. The property spans 11,871 square feet, resulting in a price per square foot of $1,158. The sale took place in the Flatiron market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $14,500,000
  • Square Footage: 11,871
  • Price per Square Foot: $1,158
  • Seller: Danny & Andy Wrublin - Dalan Real Estate
  • Broker Representatives: Joseph Koicim, Logan Markley, & Paige DeMutis - Marcus & Millichap

The property was acquired by a foreign capital group, who secured over 50% of the income from retail tenants. The transaction was managed by brokers Joseph Koicim, Logan Markley, and Paige DeMutis from Marcus & Millichap, who played a significant role in the completion of the deal.

Players

Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
173 deals$2.7B volume(212) 430-5147
BROKER

Paige DeMutis
Marcus & Millichap
4 deals$105.6M volume(610) 592-4324
BROKER

SELLER

Details

SOLD
IMAGE: Logan Markley, Joseph Koicim & Paige DeMutis DATE: 3/16/2026 ADDRESS: The Flatiron Trio - 60-62 West 22nd Street & 684 Avenue of the Americas MARKET: Flatiron ASSET TYPE: Mixed-use SELLER: Danny & Andy Wrublin - Dalan Real Estate BROKERS: Joseph Koicim (@Joey1Cap), Logan Markley (@LogantMarkley) & Paige DeMutis (@PaigeDeMutis) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $14,500,000 SF: 11,871 ~ PPSF: $1,158 BROKERS NOTE: Off the corner of West 22nd Street and Avenue of the Americas, this three-building package sold for a blended PPSF of $1,158. With over 50% of the income coming from the retail tenants, a foreign capital group acquired the prime assets at $14,500,000. If you are interested in understanding the value of your asset(s) or considering a sale, please reach out to the deal team to discuss. Joe Koicim [email protected] Logan Markley [email protected] Paige DeMutis [email protected]

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
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