New York, NY – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market a 20,155-square-foot mixed-use building located at 25 East 22nd Street for sale. The asking price is $29,000,000.
Cushman & Wakefield’s John Ciraulo, Craig Waggner, Mike Kavanagh and Jack Stephen, in coordination with Carri Lyon and Mark Mandell, will be leading marketing efforts on behalf of the owner, Foundation for a Just Society.
“The property is ideally located in the heart of the Flatiron District, steps away from the Flatiron building and features a massive duplex apartment on the top two floors, currently used as offices, with two roof-decks and amazing views,” said Waggner. “This tremendous prewar building was completely reconstructed in 2016 featuring a beautiful limestone façade, modern new floors and flexible zoning, making the building perfect for a wide array of uses including office, corporate headquarters, nonprofit, foundations, retail showroom, gallery or any private user looking towards their own identity.”
The six-story plus mezzanine and basement property features an elevator, grand event hall with 13-foot ceilings, flexible meeting rooms, wellness rooms, elegant lounges, fifteen private offices, open office areas, five conference rooms, two full kitchens and two landscaped outdoor roof decks, as well as brand new office installation, mechanicals and infrastructure.
The building is currently occupied by three tenants: Foundation for a Just Society, Felicity House and ACJC Foundation. All three entities were founded by philanthropist Audrey Cappell. The organizations have each outgrown the current space and will take up residence in a nearby property that better suits the growing organizations’ needs. Prior to the foundations, the property was home to David Chu, the founder of international clothing company Nautica, as a home and clothing showroom, as well as the headquarters for Nike, Inc. in the 1990’s.
The property is located in close proximity to Madison Square Park and Union Square, one block away from the 23rd Street subway stations servicing the 4, 5, 6, N, Q, R, M, F and L subway lines.
Cushman & Wakefield Marketing 20,000-SF Classically Modern Commercial Townhouse for Sale
Jayden Lapin-Tatman • 12/6/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.