Cushman & Wakefield (“C&W”) is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in 22 West 23rd Street (the “Property”), a five-story plus penthouse, mixed-use commercial building located in the heart of Manhattan’s dynamic Flatiron District. Positioned on the highly trafficked West 23rd Street corridor between Avenue of the Americas and the intersection of Fifth Avenue and Broadway, this fully leased building offers a rare, turnkey investment in one of New York City’s most dynamic and sought-after submarkets.
The Property comprises 16,431 rentable square feet and features 28 feet of prime street frontage. The ground floor and partial lower level are leased to Mangia, a well-established Mediterranean-inspired café and restaurant serving the New York community since 1981. Mangia has operated at this location since 2003, over 22 years, making it a stable anchor tenant with a notable retail presence across Manhattan. This location is one of the company’s three retail establishments in Manhattan, alongside its flagship store at 57 West 57th Street, which it recently signed a long-term lease for 9,500 square feet and a third location at 422 Madison Avenue.
The upper floors consist of four full-floor commercial spaces, leased to a diverse mix of professional and creative tenants including a dental practice, marketing agency, entertainment firm, and a photography studio. This strong, diversified tenant roster reflects the appeal of the building’s boutique office space and central location to a wide array of industries.
Strategically positioned, 22 West 23rd Street benefits from unparalleled access to public transportation, with the F, M, N, R, W & 6 subway lines all within a 1–2-minute walk, as well as nearby access to PATH trains and Penn Station, connecting commuters to New Jersey, Long Island, and the greater Northeast corridor. This makes it a strategic choice for businesses looking to attract top talent and maintain convenient access for clients.
The Property sits in the heart of the Flatiron District, situated at the intersection of several thriving neighborhoods: Union Square, Chelsea, and Madison Square Park. As Midtown South, and Flatiron in particular, continue to outperform other submarkets in terms of leasing velocity and post-pandemic recovery, this asset is well positioned for continued rent growth and capital appreciation. This offering represents a rare opportunity to acquire a fully occupied, best-in-class commercial asset in one of Manhattan’s most transformative and enduring neighborhoods that is expected to undergo a significant transformation over the coming years thanks to the
recent passing of City of Yes zoning reforms and the anticipated approval of the Midtown South Mixed-Use (“MSMX”) Plan in 3Q 2025.
This offering represents a rare opportunity to acquire a fully occupied, best-in-class commercial asset in one of Manhattan’s most transformative and enduring neighborhoods
that is expected to undergo a significant transformation over the coming years thanks to the recent passing of City of Yes zoning reforms and the anticipated approval of the Midtown South Mixed-Use (“MSMX”) Plan in 3Q 2025.