The Real Deal New York

Premier Equities buys Flatiron building from Emmett

William Green Architecture handling renovations on building at 1151-1153 Broadway

May 14, 2014 08:00AM

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1151-broadway

Peter Acocella and 1151 Broadway

Premier Equities bought a Flatiron District commercial building from Emmett Enterprises, the broker told The Real Deal exclusively.

Keller Williams NYC broker Peter Acocella represented the buyer, while associate broker Marlene Jemal represented the seller. The 9,900-square-foot property at 1151-1153 Broadway near 23rd Street closed for $11.3 million, or $1,140 per square foot. It holds both retail and storage.

Premier already hired William Green Architecture to handle renovations of the building. The new owner is in talks to land high-end retail tenants in the property’s four-story vacant space. — Mark Maurer

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