Hiwin Group USA Purchases Development Site From The Moinian Group For $10.5M In Midtown West

The property asset involved in this transaction is a development site located at 236 West 54th Street in the Midtown West market. The sale price achieved for this asset was $10,500,000. The total built square footage (BSF) of the site is 25,000 with a price per built square foot (PPBSF) of $420.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Address: 236 West 54th Street
• Market: Midtown West
• Built Square Footage: 25,000
• Price per Built Square Foot: $420
• Buyer: Hiwin Group USA
• Seller: The Moinian Group
• Broker Representatives: Chris Brodhead & Howard Raber - Ariel Property Advisors

The transaction involved Hiwin Group USA as the buyer and The Moinian Group as the seller, with Chris Brodhead and Howard Raber from Ariel Property Advisors representing the parties in this deal. The completion date of the transaction is noted as October 7, 2024.