Leasing launches at former Ring portfolio building

The building will include roughly 8,500 square feet on the ground floor

TRD New York /
Jun.June 03, 2014 12:40 PM

The Kaufman Organization is now leasing at 119-125 West 24 Street in the Flatiron District. Tenants can lease the entire 12-story, 146,000-square-feet former Ring portfolio building. Average asking rents at the building are $67 per square foot, according to an announcement from the company.

Kaufman is also creating a new 8,502 square-foot retail space on the ground floor. Asking rent for the commercial space will be roughly $115 per square foot.


“Since tech, creative and financial firms began calling the neighborhood home we have continued to see incredible demand from companies looking to expand into multiple, full-floor spaces,” Grant Greenspan, principal at the Kaufman Organization, said in the announcement.

Kaufman added that 119-125 West 24th Street will soon be renovated, with upgrades made to the lobbies, elevators and the building systems.

“In order to attract innovative companies, we have to provide them with the types of spaces and amenities that will support their growth and technology needs,” Greenspan said in the release. “This means curating retail tenants that serve as both an extension and an expression of the building’s occupants, providing multiple high-speed internet and communications providers to tenants, making sure a property is energy-efficiency and that the lobby is something that goes beyond a marble-clad security desk and turnstiles.” — Claire Moses

Related Articles

WeWork leases in Soho and Flatiron could be in trouble, according to a report (Credit: iStock)

WeWork leases in Soho, Flatiron most at risk: report

Michael Kazmierski and 19 West 24th Street (Credit Kaufman Organization and Google Maps)

Kaufman Org lands $120M refinancing for Madison Square portfolio

Self-storage developer picks up Flatiron District parking garage for $32M

SL Green buys majority stake in $440M Hudson Yards-area building

Kaufman Org hires industry veteran
Jeff Rosenblatt

SeatGeek doubles HQ size in move to
902 Broadway

The battle for Flatiron: The Office Group and WeWork are facing off at the iconic building

Co-working company Spaces takes 100K sf in Flatiron District