Atlantic Capital Partners closed the $31-million sale of 893 Broadway, a boutique office and retail building located in Manhattan’s Flatiron District. Situated at the intersection of Broadway and East 19th Street near Union Square Park, Madison Square Park and the Flatiron Building, 893 Broadway presented an opportunity to acquire a recently renovated, fully leased asset with long-term upside potential in one of New York City’s most sought-after neighborhoods.
The transaction was led by Justin Smith, head of capital markets; Chris Peterson, EVP; Sam Koonce, VP; and Danielle Turpin, senior associate. Atlantic Capital Partners exclusively represented the seller in the sale to an undisclosed buyer.
The five-story, 25,442-square-foot building, which underwent a comprehensive renovation in 2018, is 100% occupied by high-profile tenants. Saatva, the luxury mattress retailer, occupies the lower-level and ground-floor retail space. Chief, a private network for women executives, occupies floors two through five.
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