Eastern Star Development Acquires Development Site In Chelsea For $27.5M
SOLD
New York
See Similar DealsDevelopment Site63,000 SF
Sold 04/30/2018
SOLD
Eastern Star Development Acquires Development Site In Chelsea For $27.5M
401 8th Ave, New York, NY 10001, USA
See Similar DealsDevelopment Site63,000 SF
Sold 04/30/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:63,000 SF
Transaction Type:Sale
The development site located at 401 Eighth Avenue X in Chelsea, Manhattan has been sold for a total of $27,500,000. The property is situated at the intersection of 30th Street and 8th Avenue in New York. With a total buildable square footage (BSF) of 63,000 sf, the price per buildable square footage (PPBSF) comes to $437. The site falls under the zoning designation of C6-3X (R9X).
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $27,500,000
- BSF: 63,000 sf
- PPBSF: $437
- Zoning: C6-3X (R9X)
The sale was facilitated by Salt Equities, the seller of the development site. On the buyer's side, Eastern Star Development acquired the property. Christopher Okada of Okada & Company represented both parties in the deal.
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