Adams & Company Acquires 12% Stake In Flatiron District Office Building For $43.6M

The office building located at 1115 Broadway in Manhattan's Flatiron District has been sold for a price of $43,576,810. The property spans across 259,749 square feet and has a price per square foot of $168. It was previously owned by Rockrose Development's Erlimba L.L.C and has now been acquired by Adams & Company's 16 Madison Square West LLC.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $43,576,810
• Square Footage: 259,749
• Price Per Square Foot: $168
• Address: 1115 Broadway, Flatiron District, Manhattan
• Buyer: Adams & Company - David Levy
• Seller: Rockrose Development - Edward H. Traum

Adams & Company's 16 Madison Square West LLC has acquired a 12 percent stake in the office building at 1115 Broadway. This transaction marks the entrance of Adams & Company into the Flatiron District's market. The deal was facilitated by David Levy, the representative of Adams & Company, and Edward H. Traum, representing Rockrose Development. This acquisition expands Adams & Company's real estate portfolio in Manhattan.