Cyrus Sakhai's Sovereign Partners Acquires Office Condo At 100 5th Avenue In Flatiron District For $126.5M

Sovereign Partners, through the entity 100 Fifth Owners, LLC, acquired the office condominium unit at 100 Fifth Avenue in Manhattan's Flatiron District for $126.5 million. The property is located in the Flatiron District, one of Manhattan's premier markets. The office unit spans 224,260 square feet, with a price per square foot of $564.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $126,500,000
• Address: 100 5th Avenue, Flatiron District, Manhattan
• Buyer: Cyrus Sakhai - Sovereign Partners
• Seller: Jonathan Gelb - Clarion Partners

Cyrus Sakhai, representing Sovereign Partners, and Jonathan Gelb, representing Clarion Partners, were the key individuals involved in the deal. Sovereign Partners is a prominent buyer in the real estate market, while Jonathan Gelb is a representative of Clarion Partners. This acquisition marks a significant transaction in the Flatiron District, highlighting the continued demand for office space in prime Manhattan locations.