Craftwood Partners Acquires DevSite In Manhattan From The Blue Man Group For $12M

A developer site located at 238-240 East 3rd Street in Manhattan, New York, has been sold for a price of $12,000,000. The property spans 21,004 square feet and has a price per buildable square foot (PPBSF) of $571. The transaction involved the seller, The Blue Man Group, and the buyer, Craftwood Partners.

Summary of transaction details

• Property Type: DevSite
• Transaction Amount: $12,000,000
• Address: 238-240 East 3rd Street, Manhattan, New York
• Market: Manhattan
• Building Square Footage: 21,004 sf
• Price per Buildable Square Foot (PPBSF): $571
• Seller: The Blue Man Group
• Buyer: Craftwood Partners

Cushman & Wakefield’s team, consisting of Michael DeCheser, Mei Ling Wong, Andrew Berry, and Bryan Hurley, represented the buyer and seller in the deal.