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

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.