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David Bistricer's Clipper Equity Acquires Development Site In Harlem From Douglas Durst For $50M

Property Image
SOLD
$50,000,000
Robert (Bob) Knakal
David Bistricer

New York

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Development Site36,000 SF
Sold 05/28/2025
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Property Image
SOLD

David Bistricer's Clipper Equity Acquires Development Site In Harlem From Douglas Durst For $50M

1800 Park Avenue

See Similar Deals
Development Site36,000 SF
Sold 05/28/2025
Robert (Bob) Knakal
David Bistricer
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,388
Total Square Footage:36,000 SF
Transaction Type:Sale

The development site at 1800 Park Avenue, located in Harlem, Manhattan, has been sold for $50 million. This vacant plot spans 36,000 square feet with a price per square foot of $1,389. It is noteworthy for its potential, featuring over 680,000 buildable square feet and a history of stalled development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $50,000,000
  • Buyer: David Bistricer - Clipper Equity
  • Seller: Douglas Durst - Durst Organization
  • Broker: Robert Knakal - BK Real Estate Advisors
  • Square Footage: 36,000
  • Price per Square Foot: $1,389

David Bistricer, representing Clipper Equity, has acquired the property from Douglas Durst of the Durst Organization. The transaction underscores the active interest in Harlem’s development potential, with Robert Knakal from BK Real Estate Advisors facilitating the deal.

Players

Robert (Bob) Knakal
BKREA
Robert Knakal
65 deals$3.4B volume(907) 509-9501
BROKER
David Bistricer
Clipper Equity
David Bistricer
23 deals$2.8B volume
BUYER
Durst Organization
Durst Organization
SELLER

Details

SOLD
IMAGE: Douglas Durst, David Bistricer & Robert Knakal DATE: 05/28/2025 ADDRESS: 1800 Park Avenue MARKET: Harlem, Manhattan ASSET TYPE: Development Site BUYER: David Bistricer - Clipper Equity SELLER: Douglas Durst - Durst Organization BROKER: Robert Knakal (@BobKnakalNYC) - BK Real Estate Advisors (@BKREA_NYC) PRICE: $50,000,000 SF: 36,000 ~ PPSF: $1,389 NOTE: David Bistricer’s Clipper Equity bought a vacant 36,000-square-foot Harlem plot from Durst for over $50 million, a site with 680,000+ buildable square feet and a history of stalled development.

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