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34 Union Square East

Aaron Stark Acquires Development Site At 34 Union Square East Manhattan For $13.58M
SOLDDevelopment Site

Aaron Stark Acquires Development Site At 34 Union Square East Manhattan For $13.58M

34 Union Square East

$13,580,000

$522/SF

Building Size

26,000 SF

Asset Type

Development Site

Closing

Apr 29, 2026

AI

The property asset involved in the transaction is a development site located at 34 Union Square East in the Manhattan market. The sale price for this asset was $13,580,000, covering an area of 26,000 square feet, which translates to a price per square foot of $522.

Summary of transaction details:

The deal was facilitated by brokers Alexandra Marolda, James Nelson, Ryan McGuirl, and Charles Kingsley representing Avison Young, who played a crucial role in bringing the buyer, Aaron Stark, and the development site to a successful transaction.

Players

James Nelson

Avison Young

Broker

$2B

vol

87 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