Marc Jacobowitz And Yerachmeal Jacobson Of Bluejay Management Sell Office In Flatiron District For $15.05M

The property asset involved in this transaction is located at 22 West 23rd Street in the Flatiron District. The sale price for the office asset is $15,050,000, comprising 5 units and encompassing a total square footage of 16,431 sq. ft. The price per unit stands at $3,010,000, and the price per square foot is $915.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,050,000
• Units: 5
• Square Footage: 16,431
• Price Per Unit: $3,010,000
• Price Per Square Foot: $915
• Seller: Marc Jacobowitz, & Yerachmeal Jacobson - Bluejay Management
• Seller's Representative: John Ciraulo, Craig Waggner & Jack Stephen - Cushman & Wakefield

The transaction involved sellers Marc Jacobowitz and Yerachmeal Jacobson who are affiliated with Bluejay Management. The seller's representatives, John Ciraulo, Craig Waggner, and Jack Stephen, from Cushman & Wakefield, were instrumental in facilitating the sale. The property is described to have a diversified tenant roster and embedded rental upside, alongside a retail component anchored by Mangia, which has occupied the ground floor since 2003.