HFZ Capital Group Picks Up NoMad Building for Nearly $19M

Developer HFZ Capital Group has purchased a NoMad building from its longtime owner for $18.6 million, city records show.

HFZ picked up the mixed-use building at 18 West 30th Street from owner Jamak Realty in a deal that closed last month and appeared in public property records today.

Jamak and a spokesman for HFZ did not immediately respond to requests for comment on the sale. The brokers on the deal and details of the financing were not available.

Jamak bought the five-story building between Broadway and Fifth Avenue in 1982, property records show, for an unidentified sum.

The building was erected in 1910 and has ground-floor retail and office space on the second floor along with three residential units above, according to CoStar Group data and city records. It’s The retail space is currently occupied by P.A.C. Imports and the office by Admiral Courier Services, as per CoStar.

HFZ, founded by Ziel Feldman in 2005, is the developer behind the Bjarke Ingels-designed condo buildings being built next to the High Line, the XI, and the luxury residential condo One Madison at 23 East 22nd Street.

from Commercial Observer http://bit.ly/2R8TPwV

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