Two Sigma, Kaufman Investments pay $52M for boutique Flatiron office

The Kaufman Organization didn’t need to look far to find a buyer for its boutique office building in the Flatiron District. The Kaufman Organization and AXA Financial sold the 137,000-square-foot property at 40 West 25th Street to Kaufman Investments — an affiliate of the parent company — and Two Sigma Real Estate for $52 million, the Commercial Observer reported. The deal, which came as the result of a lender-directed sale, works out to $380 per square foot. A joint venture of the Kaufman Organization and the French insurance firm bought the property from Japanese investment firm Unizo Holdings in 2019 […] This article originally appeared on The Real Deal. Click here to read the full story.