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34 Union Square East

Aaron Stark Acquires Corner Development Site At 34 Union Square East For $13.58M With Shay Zach's Representation
SOLDDevelopment Site

Aaron Stark Acquires Corner Development Site At 34 Union Square East For $13.58M With Shay Zach's Representation

34 Union Square East

$13,580,000

$522/SF

Building Size

26,000 SF

Asset Type

Development Site

Closing

Apr 29, 2026

AI

This transaction involved a corner development site located at 34 Union Square East in the Manhattan - Union Square market. The sale price for this asset was $13,580,000, covering a total square footage of 26,000 with a price per square foot of $522.

Summary of transaction details:

  • Property Type: Corner Development Site
  • Transaction Amount: $13,580,000
  • Address: 34 Union Square East
  • Market: Manhattan - Union Square
  • Square Footage: 26,000
  • Price Per Square Foot: $522
  • Buyer: Aaron Stark
  • Buyer's Representative: Shay Zach - GAIA Property Group

Shay Zach from GAIA Property Group represented the buyer, Aaron Stark, in this sale. Notably, the broker noted that "Everybody tried - we got it sold!" highlighting the effort involved in finalizing this transaction. The firm is also looking for development sites in Manhattan or Brooklyn, encouraging property owners who are interested to reach out directly to Shay Zach.

Players

Shay Zach

GAIA Property Group

Broker

$104.4M

vol

16 deals

Broker

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93