Dayan and Ben-Dayan of EVO Real Estate broker $11.45 million sale

An EVO Real Estate Group team headed by Jonata Dayan has brokered the purchase of three floors of a commercial condo at 57 West 38th St., totaling 16,620 s/f, by fashion firm Rigo Holdings, LLC. The purchase was consummated in two transactions, with the seventh floor acquired for $3.95 million, and the eighth and ninth floors for an aggregate $7.5 million. The sellers were SVD Enterprises, LLC for the seventh floor and 57 West 38th Street Holding, LLC for the eighth and ninth. Dayan, together with her colleague Jonathan Ben-Dayan, represented the buyer and seller in both transactions. EVO also manages 57 West 38th Street. Rigo is currently located in a nearby building along Broadway. "Both sellers had bought their floors for under $2 million each, approximately seven years ago, so it's clear that these were good investments, despite the recession," said Dayan. "But the purchase is also a good value proposition for Rigo, which now has room for growth and a secure presence in the Garment District." "Rigo's purchase is a model many other fashion firms would like to follow," said Dayan. "Although tech and media companies have been displacing the fashion firms in neighborhood office buildings, fashion is still a major force in the Garment District. Office condos are prized because they ensure that firms can maintain their footprint in the district for the long term. EVO has long specialized in the sale and purchase of office condos in the neighborhood, so we've been monitoring demand for years - and we fully expect that it will continue to rise."