Related Acquires Dev Site In Manhattan For $233.6M From Amerco Real Estate Co (Uhaul)

The property asset involved in this transaction is a development site located at 538-552 W 23rd St., 555 W 22nd Street, 170 11th Avenue, and 162-164 11th Avenue in New York City's Manhattan market. The site also includes 70,000 SF of air rights from another U-haul site. The transaction took place on 17th September, 2017 for a price of $233,625,000. The seller, Amerco Real Estate Co (Uhaul), was represented by Joe Shoen. The buyer of the property was Related @relatedcos.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $233,625,000
• Address: 538-552 W 23rd St., 555 W 22nd Street, 170 11th Avenue, and 162-164 11th Avenue, New York City
• Market: Manhattan
• Seller: Amerco Real Estate Co (Uhaul) - Joe Shoen
• Buyer: Related @relatedcos

This transaction involved the sale of a development site in Manhattan's market. Amerco Real Estate Co, represented by Joe Shoen, sold the property to Related @relatedcos for a price of $233,625,000. The site is located at 538-552 W 23rd St., 555 W 22nd Street, 170 11th Avenue, and 162-164 11th Avenue and includes 70,000 SF of air rights from another U-haul site.