Hyundai Motor America Acquires Office In Meatpacking District From Edward Raboy

A commercial office property located at 51 10th Avenue in the Meatpacking District of Manhattan has been sold. The property spans across 6,735 square feet and was sold for a total price of $25,000,000, resulting in a price per square foot of $3,712. The sale was facilitated by brokers Don Yahn, Ian Brooks, and Dan Organ from Cushman & Wakefield.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 51 10th Avenue, Meatpacking District, Manhattan
• Square Footage: 6,735
• Price Per Square Foot: $3,712
• Buyer: Hyundai Motor America
• Seller: Edward Raboy
• Broker: Don Yahn, Ian Brooks & Dan Organ - Cushman & Wakefield

Hyundai Motor America acquired the office property located at 51 10th Avenue. The transaction was facilitated by brokers Don Yahn, Ian Brooks, and Dan Organ from Cushman & Wakefield. The deal marks an important milestone for both the buyer and the seller, demonstrating a significant investment in the Meatpacking District.