Kaufman Organization & AXA Financial Acquire Office Building In Flatiron District For $120M

The office property located at 40 West 25th Street in the Flatiron District has been sold in a closed transaction. The property spans 135,000 square feet and was purchased by the Kaufman Organization and AXA Financial from the seller, Unizo Holdings. The sale price for this transaction was $120,000,000, resulting in a price per square foot of $880.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120,000,000
• Square Footage: 135,000
• Price per Square Foot: $880
• Address: 40 West 25th Street
• Market: Flatiron District

The deal was facilitated by the brokers Bill Shanahan and Darcy Stacom from CBRE. They represented both the buyer, Kaufman Organization and AXA Financial, as well as the seller, Unizo Holdings.