(Courtesy of The Kaufman Organization)
The Flatiron Office Building is now 85% Occupied with Only Two Floors Remaining
The Kaufman Organization (Kaufman), a full-service commercial real estate firm, announced today that the company secured two full-floor leases, totaling 10,836-square-feet at 19 West 24th Street (19W24) within its Madison Square Portfolio. With these two leases, the building is now 85% occupied with only two floors remaining.
“19W24 continues to attract a diverse mix of high-quality tenants as the building offers updated loft-style office spaces located in one of the most sought after office destinations,” said Grant Greenspan, principal at Kaufman. “Kaufman is dedicated to outfitting all its properties to meet the technology, broadband, and security needs of its tenants.”
Kaufman’s Grant Greenspan, Michael Heaner, and Elliot Warren represented landlord, 19 West 24th LLC, in each transaction. Asking rents were in the low-to-mid-$70’s per square foot for each transaction. The latest tenants at 19W24 are:
- TransferWise, a financial service platform from the people who created Skype and PayPal allows users to transfer money abroad withreal exchange rates, sans hidden foreign exchange fees. The co-founders of TransferWise came up with the concept in 2007, when they began trading money with each other to avoid bank fees. The company signed a five-year, 5,418-square-foot lease on the ninth floor at 19W24. Michael Thomas of Colliers International represented tenant.
- Pursuit Advisory LP is an investment bank that provides transaction and strategic advice to media, technology, digital and private equity clients. The company has established a differentiated model that combines advisory and investing capabilities to target opportunities for their clients. Pursuit Advisory signed a five-year, 5,418-square-foot deal for the eighth floor at 19W24. Arash Sadighi of The Square Foot represented tenant.
TransferWise and Pursuit are joining a diverse mix of tenants at 19W24, including Blue Ocean Brokerage, an energy trade brokerage firm,Knot Standard, a men’s custom clothing line, AiCure, a health technology company and Wilson Daniels Wholesale, a family-owned distributor of wines and spirits.
19W24 is a 63,015-square-foot office building conveniently located in the Flatiron District on 24th Street, between Avenues of the Americas and Fifth Avenue. The building offers convenient transportation for commuters, with easy access to the F, M, N, and R subway lines and the PATH train.
The office building recently underwent an extensive renovation, including upgraded plumbing, new boilers, sprinklers and electrical systems. Upgrades also include a lobby featuring custom-designed, illuminated, three-dimensional wooden fins and elevators with glassed back walls revealing custom graffiti. Offices are equipped with smart meters, allowing tenants to monitor energy consumption via their phones and receive alerts of upticks in after-hours usage. Additionally, tenants at 19W24 are provided with HID cards that allow employees secure access to their respective floors and 24/7 access to high-speed broadband and redundant connectivity.
For more information regarding leasing opportunities please visit the Madison Square Portfolio’s interactive website,www.madisonsquareportfolio.com or contact Michael Heaner at 212-471-4310 or MichaelH@kaufmanorganization.com, Grant Greenspan at 212-471-4340 or GrantG@kaufmanorganization.com, or Jessica Kosaric at 646-421-6420 or jessicak@kaufmanorganization.com or Elliot Warren at 212 471-4369 or ewarren@kaufmanorganization.com.
About The Kaufman Organization
With over 100 years of experience and six million square feet of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions. www.kaufmanorganization.com
