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

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SOLD
$6,625,000
Brett Siegel
Charles Chang

New York

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Development Site14,686 SF
Sold 08/15/2025
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SOLD

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

249 West 34th Street

See Similar Deals
Development Site14,686 SF
Sold 08/15/2025
Brett Siegel
Charles Chang
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$451
Total Square Footage:14,686 SF
Transaction Type:Sale

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.

Players

Brett Siegel
Newmark
Brett Siegel
75 deals$6.4B volume(212) 372-0798
BROKER
Charles Chang
Highcap Group
Charles Chang
13 deals$151M volume(646) 330-5802
BROKER
Highcap Group
Highcap Group
BROKERAGE
Newmark
Newmark
BROKERAGE
GFP Real Estate
GFP Real Estate
SELLER

Details

SOLD
IMAGE: Charles Chang & Brett Siegel DATE: 8/15/2025 ADDRESS: 249 West 34th Street MARKET: Midtown South ASSET TYPE: Development Site SELLER: GFP Real Estate (@GFPRealEstate) BUYER'S REP: Charles Chang (@CharlesChang_Highcap)- Highcap Group (@Highcap_Group) SELLER'S REP: Brett Siegel (@BSieges) - Newmark (@Newmark) SALE PRICE: $6,625,000 BSF: 22,540 ~ PPBSF: $293 NOTE FROM BROKER: 249 West 34th Street was delivered vacant and part of a development assemblage along with 245 West 34th Street, which Highcap represented the buyer and seller. The two parcels create over 68’ of frontage on West 34th Street.

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