Josh Rahmani And Ebi Khalil Of Empire Capital Acquire Office Assets In Flatiron District For $130M

381 and 373 Park Avenue South are office properties located in the Flatiron District, with a total transaction price of $130,000,000. The buildings encompass a combined area of 337,000 square feet, translating to a price per square foot of $386.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $130,000,000
• Buyer: Josh Rahmani & Ebi Khalil - Empire Capital
• Seller: Damon Hemmerdinger & Kate Hemmerdinger Goodman - ATCO Properties
• Market: Flatiron District
• Square Footage: 337,000
• Price per Square Foot: $386

Empire Capital is led by Josh Rahmani and Ebi Khalil, who are continuing their investment strategy with this acquisition from ATCO Properties, which is represented in the deal by Damon Hemmerdinger and Kate Hemmerdinger Goodman. The firm is making this purchase as part of its ongoing efforts amid a landscape of declining occupancy in the office market.