Hyundai Motor America Acquires Development Site In New York City For $22.5M

A development site located at 500 West 14th Street in New York City has been sold for a total of $22,500,000. This property offers tremendous potential for development and is situated in a prime location. The transaction took place on 07/18/2023, and the asset type is a development site.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Price per Square Foot: $3,340
• Price per Buildable Square Foot: $2,004
• Address: 500 West 14th Street, New York City
• Market: New York City

The buyer in this transaction is Hyundai Motor America, while the seller is Ed Raboy. The deal was facilitated by brokers Brock Emmetsberger, Christoffer Brodhead, Jameson Hill, and Nikola Cosic from B6 Real Estate Advisors. These professionals played a crucial role in ensuring a successful transaction.