Hayes Graham Terreno Acquires Development Site In New York City For $23M

The development site located at 42-11 9th Street in New York City has been sold in a recent transaction. The buyer, Hayes Graham Terreno, acquired the property from Titan Machine Corp, represented by Carlos Escobar. The sale was facilitated by the brokers Stephen Palmese, Michael Mazzara, Ethan Stanton, Winfield Clifford, Brendan Maddigan, Jay Leshinsky, and Daniel Morici from JLL. The transaction closed on 03/06/2023 for a total sale price of $23,000,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $23,000,000
• Date: 03/06/2023
• Address: 42-11 9th Street
• Market: New York City

This transaction involved the sale of a development site in New York City. The property spans approximately 55,000 square feet, resulting in a price per square foot of $418. The buyer, Hayes Graham Terreno, acquired the site from Titan Machine Corp, with Carlos Escobar representing the seller. The brokers involved in the deal were Stephen Palmese, Michael Mazzara, Ethan Stanton, Winfield Clifford, Brendan Maddigan, Jay Leshinsky, and Daniel Morici from JLL.