Cushman & Wakefield Sells New York City Development Site For $34.6M

Cushman & Wakefield has announced the highest $/ZFA development site sale of 2023 in New York City. The property, located at 534 West 28th Street, is a development site with a sale price of $34,572,070. In addition to the land sale, the price also includes the purchase of required High Line Transfer Rights.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $34,572,070
• Market: New York City

Bryan Hurley, Michael Decheser, Michael Gembecki, Bobby Carrozzo, and Robert Burton from Cushman & Wakefield represented the buyer in this transaction. Their competitive marketing process attracted interest from over a dozen developers, culminating in an all-cash transaction that eliminated financing risk. For more information about this deal or to evaluate other assets, contact Bryan Hurley at (212) 660 7706 or [email protected], or Michael Decheser at (212) 660 7772 or [email protected].