The Rabsky Group Acquires Development Site At 267 Broadway From Braha Industries & Roe Corporation For $30M

The asset involved in the transaction is a development site located at 267 Broadway in Manhattan. The property was sold for $30,000,000, encompassing a total area of 51,730 square feet, which translates to a price per square foot of $579.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 267 Broadway
• Market: Manhattan
• Square Footage: 51,730
• Price per Square Foot: $579
• Buyer: The Rabsky Group
• Seller: Braha Industries & Roe Corporation
• Brokers: Ethan Stanton, Teddy Galligan, Jonathan Hageman, Michael Mazzara & Brett Baskin - JLL

The transaction was represented by a team of brokers from JLL, including Ethan Stanton, Teddy Galligan, Jonathan Hageman, Michael Mazzara, and Brett Baskin. The Rabsky Group acquired the site from the combined interests of Braha Industries and Roe Corporation.