Urban Standard Capital Acquires Development Site In Tribeca For $6.5M

The development site located at 321-325 Church Street in Tribeca, Manhattan, was recently sold for $6,500,000. The property has a building square footage of 16,134 and a price per building square foot of $403.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,500,000
• Address: 321-325 Church Street
• Market: Tribeca, Manhattan
• Building Square Footage: 16,134
• Buyer: Urban Standard Capital
• Brokers: Maurice Suede, Eric Roth & Brett Siegel - Newmark

The deal was facilitated by brokers Maurice Suede, Eric Roth, and Brett Siegel from Newmark. The sale of this development site in a prime location like Tribeca highlights the continued interest and investment activity in Manhattan's real estate market.