A Goldman, Sachs & Co. fund sold a Flatiron building ground lease for $39.5M

A Goldman, Sachs & Co. real estate fund through the entity 155 W 23 Leasehold LLC sold a leasehold to 23 Flatiron, LLC for $39.5 million covering 1 parcel, including the tax class loft with retail stores (L8) at 155 West 23 Street in Chelsea. The deal closed on August 21, 2019 and was recorded on August 28, 2019. This building was once owned by the Ring brothers.
The property contains a total of 68,940 square feet of built space.
The average sale per buildable square foot is $573.
The last time the property sold was September 10, 2015, for $57,237,046.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on March 15, 2018.
Over the past five years, there have been 30 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $135,000. There were 27 renovation/alteration projects (A2) applied for with a total estimated value of $4,777,599.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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