Transaction amount: $55,500,000
Prince Realty Advisors represented The Kaufman Organization in its purchase of a commercial building at 27-35 West 24th Street in Midtown South for $55.5 million. The building measures 94,075 square feet, with 10,000 square feet of retail and 84,075 square feet of storage. The building is currently full — the large share of tenants are on short-term leases, meaning the space can be vacated and marketed to tenants who will pay higher rents.
Office Building Repositioning
27-35 West 24th Street New York, NY