Kaufman Investments Poised to Acquire Madison Square Park Office Portfolio for $125M

Manhattan’s Midtown South submarket is welcoming a major capital deployment, as Kaufman Investments gears up to acquire a pair of commercial buildings from Savanna for approximately $125 million. The deal focuses on two adjacent properties—24-28 West 25th Street and 48 West 25th Street—collectively marketed as the Madison Square Collection.

According to Commercial Observer, the transaction was brokered by Gary Phillips and Will Silverman of Eastdil Secured. While the exact price per square foot will depend on the final closing figures, the $125 million valuation provides a concrete benchmark for comparable office assets situated immediately off Madison Square Park, an area that has maintained robust pedestrian traffic and tenant demand even as other pockets of the city struggle with elevated vacancy rates.

Key Details

• Buyer: Kaufman Investments
• Seller: Savanna
• Brokers: Gary Phillips and Will Silverman of Eastdil Secured
• Assets: 24-28 West 25th Street and 48 West 25th Street (The Madison Square Collection)
• Purchase Price: Approximately $125 million
• Location: Midtown South / Madison Square Park corridor, Manhattan

Market Context

This $125 million portfolio sale serves as a highly relevant data point for commercial real estate professionals tracking the bifurcation of the Manhattan office market. The Flatiron and NoMad neighborhoods surrounding Madison Square Park have consistently ranked among the city's top-performing submarkets, buoyed by a dense concentration of retail amenities, public transit access, and high-quality residential conversions that limit new office supply.

For Kaufman Investments, the acquisition represents a strategic bet on the enduring appeal of boutique, transit-accessible office spaces. Midtown South has historically attracted a diverse roster of tenants spanning the technology, media, and creative sectors. By acquiring these assets now, Kaufman is likely positioning themselves to capture future rental growth as the flight-to-quality trend continues to push tenants toward modernized, amenity-rich buildings.

For Savanna, the disposition represents a successful execution of an investment strategy, allowing the firm to return capital to investors amid a climate where liquidity is highly prized. The involvement of Eastdil Secured’s top investment sales brokers underscores the institutional quality of the offering.

Looking ahead, industry analysts will be watching closely to see if Kaufman pursues an aggressive lease-up strategy or injects capital into property enhancements to attract larger floor-plate tenants. Regardless of the eventual business plan, this nine-figure transaction proves that institutional capital remains readily available for premium, well-located New York City real estate.