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Acquisitions

Afiaa acquires 158 West 27th Street

158 West 27th Street (Credit: Google Maps)

Afiaa has entered into contract to acquire 158 West 27th Street from ASB Capital Management + George Comfort & Sons for $99.35 million, according to the NYPost. The Chelsea office building spans 118,766 SF, and is located between Sixth and Seventh Avenues. New tenants have been signing rents at around $72 per SF. 

  • Dig Deeper: Office tenants include Furnished Quarters and BDG Media, while Planet Fitness leases 20,000 SF of retail space.
  • Flashback: The sellers paid Emmes $82.5 million for the 12-story property in December 2014. They subsequently spent $10 million for work on the lobby, roof deck, mechanicals, and a new entrance.

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