Rockrose Development paid $10M to Austen Riggs Center

Rockrose Development through the entity Eighteenth St. Owner LLC paid Austen Riggs Center, Inc. $10.1 million for 1 parcel, including the tax class fireproof loft and storage type without retail stores (L2) at 47 West 17 Street also known as 44-48 West 18th Street, in Flatiron. The deal closed on August 02, 2019 and was recorded on August 06, 2019. The parcel(s) have total development potential of 179,186 square feet.

Rockrose purchased a 4.9 precent tenant-in-common interest in the building.
Over the past five years, there have been 11 NYC Department of Buildings permit applications filed for this parcel. There were 11 renovation/alteration projects (A2) applied for with a total estimated value of $2,037,925.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link