Silvershore Properties Purchases Small Flatiron Building

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27 East 20th Street
27 East 20th Street

Silvershore Properties has purchased a 5,200-square-foot mixed-use building for $3.3 million from AY & Associates, which owned the building for over 30 years, Commercial Observer has learned. The deal closed yesterday.

The four-story walk-up building, at 27 East 20th Street between Park Avenue South and Broadway, is home to Rohm Thai restaurant on the ground level and Marie Bové Salon on the second floor. Two floor-through occupied apartments comprise the two top floors. The property includes an additional 4,000 square feet of air rights.

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“The block is full of hip restaurants that has helped brand it as a destination for foodies,” said Silvershore’s David Shorenstein in a prepared statement, noting the plans are to keep the property as a rental.

Mr. Shorenstein and Silvershore’s Jason Silverstein represented Silvershore in the deal. It wasn’t immediately clear who negotiated the deal on behalf of AY & Associates.