Siras Development Acquires Commercial Condo In Manhattan For $14M

Saif Sumaida and Ashwin Verma have purchased a commercial condo located at 525 West 24th Street in Manhattan, New York. The property was sold by Andrea Rosen, and the transaction was closed on April 9, 2018. The commercial condo spans over an area of 10,382 square feet and was sold at a price of $14,000,000, resulting in a price per square foot of $1,348.

Summary of transaction details:

• Property Type: Commercial Condo
• Transaction Amount: $14,000,000
• Square Footage: 10,382
• Price Per Square Foot: $1,348
• Seller: Andrea Rosen
• Buyer: Siras Development – Saif Sumaida and Ashwin Verma

Saif Sumaida and Ashwin Verma, representing Siras Development, successfully closed the deal to acquire the commercial condo at 525 West 24th Street in Manhattan. This transaction showcases their investment in the New York market and highlights their commitment to expanding their commercial real estate portfolio.