Cannon Hill Capital Partners, through 880 Broadway Tenant, LLC, acquired the fee interest in the land at 33 East 18th Street in Manhattan’s Flatiron District from Williams Equities for $38 million. The property, a 142,400-square-foot retail building, sold for about $266 per square foot. William Stempel signed for Williams Equities, while Eric Rubin represented Cannon Hill. The lot, within the Ladies’ Mile Historic District, has a city-designated market value of $54.3 million. This marks Cannon Hill’s first recorded property purchase, with Williams Equities previously involved in $159.4 million in sales over the past two years.
33 East 18th Street
