Anonymous buyer pays $26M for 12% stake in 1115 Broadway in Flatiron

An anonymous buyer registered at Triad Professional Services through the entity Erlimba L.L.C. paid Andrew Tunick’s SK 1115 Broadway, LLC $26.1 million for a 12 percent stake in 1115 Broadway in Flatiron. The deal closed on March 16, 2020, and was recorded on March 20, 2020. The property is a 259,749-square-foot office building.
The average sale price per square foot is $837, given this 12 percent stake.

The entity that bought this 12% stake is being held in care of Triad Professional Services, which is the same company that is the care of company for the recent sale of a stake in 11 East 26th Street.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 19, 2012.
Over the past five years, there have been 23 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,067,000. There were 22 renovation/alteration projects (A2) applied for with a total estimated value of $2,935,050.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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