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Yiannes Einhorn's Einhorn Development Group Acquires 1440 Amsterdam Ave In $7.9M Deal

Property Image
SOLD
$7,900,000
Ryan Sabet
Chris Varjan
+ 2

New York

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Development Site70,000 SF
Sold 06/13/2018
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Property Image
SOLD

Yiannes Einhorn's Einhorn Development Group Acquires 1440 Amsterdam Ave In $7.9M Deal

Amsterdam Ave & W 133rd St, New York, NY 10031, USA

See Similar Deals
Development Site70,000 SF
Sold 06/13/2018
Ryan Sabet
Chris Varjan
+ 2
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$112
Total Square Footage:70,000 SF
Transaction Type:Sale

Yiannes Einhorn of Einhorn Development Group has acquired a property located at 1440 Amsterdam Ave for $7.9M. The asset spans an area of 70k square feet, translating to a price per square foot of $112. The transaction took place on 06/13/18 at the intersection of 133rd Street and Amsterdam Avenue.

Summary of transaction details

  • Property Type: Not specified
  • Transaction Amount: $7.9M
  • Address: 1440 Amsterdam Ave
  • City: Not specified

The seller of the property was Athena Vrettos. The buyer, Yiannes Einhorn, was represented in the deal by the brokers Ryan Sabet, Vickram Jambu, and Chris Varjan from CPRE. The buyer's plans for the property include constructing a residential component spanning 50k square feet, as well as a retail and commercial space of 20k square feet at the base. The commercial space will be returned to the seller upon completion. It is important to note that Einhorn Development Group has no affiliation with "PAPI" or individuals David Einhorn and Yannie Einhorn.

Players

Chris Varjan
29 deals$469.3M volume(201) 615-8557
BROKER

Ryan Sabet
Venture Capital Properties
10 deals$63.8M volume
BROKER

Vickram Jambu
JLL
30 deals$1.1B volume
BROKER


2 deals$28M volume
SELLER

Details

SOLD
IMAGE: Vickram “Vick” Jambu (@VickramJambu), Ryan Sabet (@RyanSabet), and Chris Varjan (@Cvar23) DATE: 06/13/18 ADDRESS: 1440 Amsterdam Ave CITY: MARKET: X STREETS: 133rd and Amsterdam ASSET TYPE: PRICE: $7.9M SF: 70k PPSF: $112 SELLER: Athena Vrettos BUYER: Yiannes Einhorn, Einhorn Development Group BROKERS: Ryan Sabet, Vickram Jambu & Chris Varjan - @VCPRE PLANS: Buyer plans to build a 50K Resi component, and 20K SF of retail & CF portion at the base which will be delivered back to seller. EDG is not affiliated w/ “PAPI” @davideinhorn & @yannieinhorn.

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