A 16-story building across the street from the Flatiron building and next to the Toy Building was sold for $235 million, according to city records.
Joseph Chetrit sold 1107 Broadway, at 24th Street, to Tessler Developments, a city-based real estate developer. Mr. Chetrit sold the Toy Building at 200 Fifth Avenue earlier this year for $480 million to L&L Holding Company and elected to hold off on selling 1107 Broadway–which is connected to 200 Fifth by a sky-bridge–until the summer. The deal went into contract in July and closed on Oct. 15, according to city records.
We’ll have much more on this sale—and what’s going to happen with 1107 Broadway—in Wednesday’s print edition of The Observer.