Christoffer Brodhead, Howard Raber & Nikola Cosic Close $21M Midtown West Development Sale

The development site located at 240 West 54th Street in Midtown West, Manhattan, was recently sold for $21,000,000. The property, which has a commercial as-of-right of 75,000 BSF and a residential as-of-right of 50,000 BSF, offers a significant development opportunity in a prime location.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $21,000,000
• Address: 240 West 54th Street
• Market: Midtown West, Manhattan
• Brokers: Christoffer Brodhead, Howard Raber & Nikola Cosic - Ariel Property Advisors

The deal was facilitated by Christoffer Brodhead, Howard Raber, and Nikola Cosic of Ariel Property Advisors. Their expertise and professionalism were instrumental in successfully closing the transaction for the development site. The property's prime location and potential for commercial and residential development make it a lucrative investment opportunity in the heart of Manhattan.