Rivington Company Acquires Development Site At 140 Fulton Street From Bank Hapoalim For $26.43M

The property involved in this transaction is a development site located at 140 Fulton Street in the Financial District. The site encompasses approximately 120,000 BSF, including additional air rights from an adjacent property. It was sold for a total transaction price of $26,425,750, resulting in a price per buildable square foot of $313.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,425,750
• Buyer: Rivington Company
• Seller: Bank Hapoalim
• Brokers: Nathan Horne & Gregg Haft - Compass
• BSF: 84,180
• PPBSF: $313

This transaction highlights the involvement of Nathan Horne and Gregg Haft from Compass, who facilitated the deal. Gregg Haft specifically provided ongoing advice to the seller for over a year to help conclude this off-market transaction successfully. The process included soliciting offers initially as a note sale before transitioning to a fee simple transfer with Rivington Companies.