Atlantic Capital Partners has completed the $31 million sale of 893 Broadway, a boutique mixed office and retail property in Manhattan’s Flatiron District. The building is positioned at the intersection of Broadway and East 19th Street, placing it near Union Square Park, Madison Square Park and the Flatiron Building, in an area described by Atlantic Capital as one of New York City’s most sought-after neighborhoods.
The asset was marketed as an opportunity to acquire a recently renovated, fully leased building with long-term upside potential. According to Atlantic Capital, the property was presented to buyers as a stabilized investment in a high-barrier-to-entry location, supported by established retail and office demand in the immediate surroundings.
The five-story building totals 25,442 square feet and underwent a comprehensive renovation in 2018. Following the renovation, the property is 100% occupied by what are described as high-profile tenants, reflecting the building’s positioning within the Flatiron District’s boutique office and retail landscape.
On the retail side, Saatva, a luxury mattress retailer, occupies the lower-level and ground-floor space. The upper floors are leased to Chief, a private network for women executives, which occupies floors two through five. The fully leased status across both retail and office components underscores the property’s current income profile at the time of sale.
The transaction was led by an Atlantic Capital Partners team that included Justin Smith, head of capital markets; Chris Peterson, executive vice president; Sam Koonce, vice president; and Danielle Turpin, senior associate. The firm acted as exclusive representative for the seller in the disposition.
The buyer was not disclosed, and no additional transaction terms beyond the $31 million sale price and existing tenancy were released. The closing further illustrates ongoing investor interest in renovated, fully leased assets within core Manhattan neighborhoods such as the Flatiron District.
