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FBE Limited Acquires Development Site In Washington Heights For $26M

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SOLD

New York

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Development Site47,175 SF
Sold 04/20/2018
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Property Image
SOLD

FBE Limited Acquires Development Site In Washington Heights For $26M

4650 Broadway, New York, NY 10040, USA

See Similar Deals
Development Site47,175 SF
Sold 04/20/2018
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:47,175 SF
Transaction Type:Sale

The development site located at 4650 Broadway in New York's Washington Heights neighborhood has been sold for $26,000,000. The property spans a total lot size of 47,175 square feet and has a total rentable building square footage (RBSF) of 87,282 square feet. Additionally, the property has a commercial floor area (CF BSF) of 231,637 square feet.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $26,000,000
  • Lot Size: 47,175 square feet
  • RBSF: 87,282 square feet
  • CF BSF: 231,637 square feet

The seller of the property was Acadia Realty Trust, represented by Kenneth Bernstein, Joel Braun, and Christopher Conlon. On the other hand, the buyer of the property was FBE Limited, represented by Abraham Fruchthandler.

Players

BROKERAGE

8 deals$386M volume
SELLER


Christopher Conlon
Acadia Realty Trust
10 deals$591.2M volume
SELLER

Details

SOLD
IMAGE: (Rendering) Joel Braun and Christopher Conlon DATE: 04/20/2018 ADDRESS: 4650 Broadway CITY: New York MARKET: Washington Heights ASSET TYPE: Development Site PRICE: $26,000,000 LOT SF: 47,175 RBSF: 87,282 CF BSF: 231,637 SELLER: Acadia Realty Trust – Kenneth Bernstein, Joel Braun and Christopher Conlon BUYER: FBE Limited – Abraham Fruchthandler

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