$5.075M Sale Of 27 Allen Street Development Site In LES/Chinatown

Located at 27 Allen Street in the LES/Chinatown market, this development site was recently sold in a closed transaction. The property spans 3,785 square feet and has a gross square footage of 7,594 for residential use. The building's total buildable square footage is 13,246, with a price per buildable square foot of $383. The property was listed for $6,000,000 and was sold for $5,075,000.

Summary of transaction details:

• Property Type: Development Site
• Asking Price: $6,000,000
• Sale Price: $5,075,000
• SF: 3,785
• GSF: 7,594 Residential
• BSF: 13,246
• PPBSF: $383

The seller of this property was Jacob Sherman. The buyer's information is not available. The deal was facilitated by brokers Michael DeCheser, Darragh Clarke, and Mei Ling Wong.