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Successful Sale of 25 East 22nd Street in the Flatiron District, Manhattan
Bob Knakal successfully closed the sale of 25 East 22nd Street, an 11,236-square-foot office building located in the heart of Manhattan’s Flatiron District. The property, owned by Intermarket Holding Group, sold for $4,600,000—equating to $409.40 per square foot. Bob’s market expertise and targeted strategy delivered a successful outcome for the seller while securing a valuable property for the buyer, Skylight Group LLC, led by Tama Starr.
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Sale Details
Bob Knakal’s in-depth understanding of the Flatiron market and his proactive marketing approach were instrumental in closing the sale under competitive terms.
- Sale Price: $4,600,000
- Property Type: Office
- Sale Date: January 25, 2000
- Building Size: 11,236 SF
- Price per SF: $409.40
Property Details
Situated in the vibrant Flatiron District, 25 East 22nd Street is a boutique office building with architectural charm and flexible office layouts. Its central location offers easy access to major business hubs and amenities, making it highly desirable for creative and professional tenants.
- Full Address: 25 East 22nd Street, New York, NY 10010
- Property Type: Office
- Building Size: 11,236 SF
The Client: A Seller Seeking a Strategic Exit
Intermarket Holding Group sought to divest 25 East 22nd Street to capitalize on the rising demand for office properties in the Flatiron District. Bob Knakal’s ability to position the property’s value and market potential attracted Skylight Group LLC, a firm specializing in creative event spaces.
Bob’s strategy focused on highlighting the building’s adaptable office layout and prime location. His outreach to investors and boutique office users led to a swift transaction with favorable terms for the seller.
Market Strategy and Targeted Outreach
Bob’s approach emphasized the property’s architectural appeal and proximity to Madison Square Park. By marketing to niche buyers interested in boutique office spaces, Bob generated strong competition, ultimately securing the best outcome for the seller.
Neighborhood Overview
The Flatiron District is known for:
- Proximity to Madison Square Park.
- Iconic architecture and historic buildings.
- Strong demand for boutique office and creative spaces.
- Central access to public transportation and business hubs.
Conclusion
The sale of 25 East 22nd Street demonstrates Bob Knakal’s ability to deliver successful outcomes through strategic marketing and targeted outreach. His expertise in the Flatiron market allowed the seller to achieve a competitive price while ensuring a smooth transition for the buyer.
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