Highcap Group's Charles Chang Represents Buyer GFP Real Estate Sells Development Site For $6.625M

This development site located at 249 West 34th Street in Midtown South was sold for $6,625,000, featuring 22,540 square feet with a price per square foot of $293. The property was delivered vacant and is part of a development assemblage alongside 245 West 34th Street.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,625,000
• Address: 249 West 34th Street
• Market: Midtown South
• Building Square Footage: 22,540
• Price Per Building Square Foot: $293
• Seller: GFP Real Estate
• Buyer's Representative: Charles Chang - Highcap Group
• Seller's Representative: Brett Siegel - Newmark

Highcap Group represented the buyer, while Newmark acted on behalf of the seller in this transaction. The two parcels combined offer over 68 feet of frontage on West 34th Street.