Malachite Group Acquires Development Site At 72 Nassau Street From Citizens Bank For $18.36M

The asset involved in the transaction is a development site located at 72 Nassau Street in the Financial District. The buyer, Malachite Group, acquired the property from seller Bruce Van Saun of Citizens Bank for a transaction amount of $18,360,000. The site has a total building square footage of 24,000, translating to a price per square foot of $765. The building size is approximately 90,000 BSF, with a price per BSF of $204.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,360,000
• Buyer: Malachite Group
• Seller: Bruce Van Saun - Citizens Bank
• Broker Representatives: Brett Siegel & Ronald Solarz - Newmark
• Building Size (SF): 24,000
• Price per SF: $765
• Building Size (BSF): 90,000
• Price per BSF: $204

The individuals involved in this transaction include brokers Brett Siegel and Ronald Solarz, who represented the interests of the buyer, Malachite Group, and the seller, Bruce Van Saun from Citizens Bank. Their involvement was crucial in facilitating the completion of this deal.