David Paz Of Omnia Group Acquires Office Building In Gramercy Park For $13.8M

An office building located at 108 East 16th Street in the Gramercy Park neighborhood of Manhattan has been sold for $13.8 million. This property encompasses a total area of 19,582 square feet, resulting in a price per square foot of $705.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,800,000
• Square Footage: 19,582
• Price per Square Foot: $705
• Buyer: David Paz - Omnia Group
• Seller: Matthew Rashid
• Date of Transaction: May 17, 2026

David Paz represented The Omnia Group in acquiring the property from seller Matthew Rashid. This transaction marks a significant addition to Omnia Group's portfolio within the competitive Manhattan real estate market.