Bromley Companies acquires $21.5M interest from company founder William Haines at 120 Fifth Avenue in Flatiron

Bromley Companies through the entity 120 5th Holding, LLC acquired a 75 percent interest from company founder William L. Haines, valued at $21.5 million, in the office building 120 5th Avenue in Flatiron. The transaction occurred two years ago, on October 16, 2017, but was only recorded on November 15, 2019. The building is 65,857 square feet.

The last time the property sold was May 22, 2012, when the Bromley Companies bought it for $29,362,124.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 25, 2017.
Over the past five years, there have been 8 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 8 renovation/alteration projects (A2) applied for with a total estimated value of $1,550,214.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link