Brodsky Acquires Office Building In Flatiron District For $161M

The property involved in this transaction is an office space located at 175 5th Avenue in the Flatiron District. The sale price for this property was $161,000,000, with a total square footage of 176,000. The price per square foot was $915. The sellers of the property were GFP Real Estate, The Sorgente Group, ABS Partners Real Estate, and Nathan Silverstein. The buyers were Brodsky. The deal was brokered by Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Monica Brendsel, and Michael J Collins from Newmark.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $161,000,000
• Square Footage: 176,000
• Price Per Square Foot: $915
• Address: 175 5th Avenue
• Market: Flatiron District

The transaction involved multiple parties, with GFP Real Estate, The Sorgente Group, ABS Partners Real Estate, and Nathan Silverstein acting as the sellers. On the buyer's side, Brodsky acquired the property. The deal was facilitated by the brokers Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Monica Brendsel, and Michael J Collins, all from Newmark.