SOLD
Eastern Star Development Acquires Development Site In Chelsea For $27.5M
401 Eighth Avenue
Development Site
63,000 SF
63,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
63,000 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Christopher Okada @chrisokada
DATE: 04/30/2018
ADDRESS: 401 Eighth Avenue X
STREETS: 30th & 8th Ave
CITY: NewYork
MARKET: Chelsea, Manhattan
ASSET TYPE: DevelopmentSite
PRICE: $27,500,000
BSF: 63,000 sf PPBSF: $437
ZONING: C6-3X (R9X)
SELLER: Salt Equities
BUYER: Eastern Star Development
BROKER: Okada & Company @Okadaco – Christopher Okada NOTE: Chris represented both the buyer […]View on map
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Address401 Eighth Avenue
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