Penn South Capital Acquires Development Site In Greenwich Village For $11.9M

A development site located at 18-20 East 13th Street in Greenwich Village, Manhattan has been sold. The property, with a total square footage of 11,074, was purchased for a sale price of $11,900,000, resulting in a price per square foot of $1,074.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $11,900,000
• Address: 18-20 East 13th Street, Greenwich Village, Manhattan
• Market: Greenwich Village, Manhattan

Penn South Capital, represented by Parag Sawhney and Raymond Chera, acquired the property. The seller, Ariel Property Advisors, was represented by Michael A. Tortorici, Jack Moran, Howard Raber, and Matthew Gillis. The buyer's representative in the deal was Lee Odell from Lee Odell Real Estate, Inc.