Alf Naman's West Village Development Site Under Contract For $57.5M

Located in the West Village of Manhattan, the development site at 125 Perry Street has secured a deal at an asking price of $57.5 million. The property is part of Alf Naman's luxury development, with the sale marking the second unit in the building to go into contract.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $57,500,000
• Address: 125 Perry Street
• Market: West Village, Manhattan

Jim St. André and Stephen Ferrara of Compass represented Alf Naman in this promising sale. Sales at the luxury development have seen a penthouse being the first available unit to secure a deal, setting a positive tone for the property market in the West Village.