Sovereign Partners Acquires Office Building In Flatiron District For $126M

The office building located at 100-104 5th Avenue in the Flatiron District of Manhattan has been sold for a total price of $126,000,000. The property spans across 26,411 square feet, resulting in a price per square foot of $4,771. The transaction took place on 10/03/2023.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $126,000,000
• Address: 100-104 5th Avenue, Flatiron District, Manhattan
• Square Footage: 26,411
• Market: Flatiron District, Manhattan

The buyer of the property is Sovereign Partners, while the seller is Clarion Partners. The deal was facilitated by Adam Spies, Adam Doneger, Joshua King, Avery Silverstein, Marcella Fasulo, and Monica Brendsel from Newmark acting as brokers.