Sander Tice Sells Office Asset In Flatiron District For $13.2 Million With Brokers Michael Ferrara & Cole Kinney Leonhardt

The property involved in this transaction is an office asset located at 174 5th Avenue in the Flatiron District. The property was sold for $13,200,000, encompassing a total of 21,588 square feet, resulting in a price per square foot of $611.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,200,000
• Square Footage: 21,588 SF
• Price Per Square Foot: $611
• Seller: Sander Tice
• Brokers: Michael Ferrara & Cole Kinney Leonhardt - Brax Realty
• Date of Transaction: 8/26/2025
• Market: Flatiron District

Key individuals in this transaction include the seller, Sander Tice, and the brokerage team of Michael Ferrara and Cole Kinney Leonhardt, who represented the seller in the deal through their agency, Brax Realty.