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Pair of Flatiron Retail Condos Fetch $6.1M

NEW YORK CITY—Two retail condominiums in Manhattan’s Flatiron neighborhood at 15 West 20th Street and 32 West 18th Street have traded for $6.1 million to YH18, a foreign investor.

Eastern Consolidated represented both seller and buyer in the transaction. Director Martin Ezratty acted for seller, Extell Development Company, and Eastern senior director Aliza Avital represented the buyer.

Together, the pair of condominiums offer 8,933 sq. ft. A Vidal Sasoon salon occupies one of the spaces and the second is occupied by the first American showroom of an international Japanese manufacturer of high-end bathroom fixtures. The third 3,260-sq.-ft. retail space with an 1,100-sq.-ft. lower level storage space, is currently vacant.

“This will represents YH18’s second acquisition of a retail condo in New York,” said Avital who added the buyer is a long-term owner and is looking to further expand in the City.

Jennifer Schwartz Esq., in-house attorney, acted for Extell Development, while Ryan Miller, Esq., Bryan W. Kishner & Associates represented YH18.

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