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New York & Tri-State  + Midtown New York  + Office  | 

Japanese Publisher Buys Midtown Townhouse for $27M 

Kodansha USA Publishing, a Japanese publishing and comic book company, has acquired 25 East 22nd Street, a 17,185-square-foot office building in the Flatiron district, for a final price of $27 million from Audrey Cappell, equivalent to $1,571 per square foot.  

The property was previously occupied by three nonprofit tenants and once served as the headquarters for Nike. The building features an elevator, event hall, meeting rooms, lounges, private offices, conference rooms, kitchens, and outdoor roof decks. 

The seller was represented by Cushman & Wakefield’s Craig Waggner, John Ciraulo, Jack Stephen, Carri Lyon, and Mark Mandell. “David Chiu, the founder of international clothing company Nautica, gut renovated the property to redevelop it into what it is today. Renovations included the addition of the two top floors, which served as a remarkable pied-à-terre apartment for him and later an office with magnificent outdoor terraces.” said Ciraulo. 

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Craig Waggner

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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