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

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.