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31 Lispenard Street

Updated Dec 19, 2025

Silverlining Development Acquires Development Site At 31-35 Lispenard Street For $7.5M
SOLDDevelopment Site

Silverlining Development Acquires Development Site At 31-35 Lispenard Street For $7.5M

31 Lispenard Street

$7,500,000

$2,468/SF

Building Size

3,038 SF

Asset Type

Development Site

Closing

Dec 7, 2025

About this deal

AI

The asset involved in this transaction is a development site located at 31-35 Lispenard Street in the Tribeca market. The sale price was $7,500,000, encompassing a building square footage (BSF) of 16,737 and a price per building square foot (PPBSF) of $448. The site also has a total square footage (SF) of 3,038, with a price per square foot (PPSF) of $2,468.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $7,500,000
  • Buyer: Silverlining Development
  • Buyer's Representative: Aden Wiener
  • Seller: Urban Standard Capital
  • Seller's Representative: Maurice Suede, Brett Siegel & Eric Roth - Newmark
  • Building Square Footage: 16,737
  • Price per Building Square Foot: $448
  • Total Square Footage: 3,038
  • Price per Square Foot: $2,468

The transaction was executed with the involvement of key individuals such as Aden Wiener, representing Silverlining Development, and the team of Maurice Suede, Brett Siegel, and Eric Roth, representing Urban Standard Capital through Newmark. For further inquiries regarding this transaction, please contact Maurice Suede at (212) 916-2932.

On the Map

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$7,500,000

$2,468/SF

Development Site

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Players

Brett Siegel

Newmark

Broker

$6.5B

vol

85 deals

Broker
Newmark
NewmarkBrokerage
Silverlining Development
Silverlining DevelopmentBuyer
Urban Standard Capital
Urban Standard CapitalSeller
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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $2.5K per square foot on a published $7.5M for 3,038 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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