Ron Izaki Eldad Blaustein And Dan Oelsner Of Izaki Group Acquire Office Building From Wendy Stark For $38.12M

The asset involved in this transaction is an office building located at 26 Bleecker Street in the NoHo market. The property has a total square footage of 43,365 and was sold for $38,118,000, translating to a price per square foot of $879.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $38,118,000
• Address: 26 Bleecker Street
• Market: NoHo
• Square Footage: 43,365
• Price per Square Foot: $879
• Buyer: Ron Izaki, Eldad Blaustein & Dan Oelsner - Izaki Group (IGI USA)
• Seller: Wendy Stark - Planned Parenthood of Greater NY
• Seller's Representative: Craig Waggner, Bobby Carrozzo, John Ciraulo, Michael Gembecki, Jack Stephen, Evan Lush, Carri Lyon, David Lebenstein & Robert Burton - Cushman & Wakefield

The Cushman & Wakefield team was integral in facilitating this transaction, demonstrating extensive brokerage experience with a global reach and specialized nonprofit advisory capabilities. Their efforts attracted strong engagement from various buyers, ultimately leading to the sale to a buyer who intends to convert the vacant building into luxury residential condominiums.