33 East 18th Street

33 East 18th Street

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.

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