Prosper Property Group And Urban Capital Group Acquire Development Site In TriBeCa For $16.85M

The property involved in this transaction is a development site located at 32 Walker Street and 34 Walker Street in the TriBeCa market. The transaction price for the property was $16,850,000, with a building square footage of 20,000 and a price per building square foot of $842.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,850,000
• Building Square Footage: 20,000
• Price per Building Square Foot: $842
• Buyers: Prosper Property Group, Urban Capital Group, GRA Equities & PZ Investments Realty
• Sellers: Boltex Textiles at 34 Walker St & Hop Yee at 32 Walker St
• Broker: Monica Luque - Douglas Elliman

The transaction was represented by Monica Luque from Douglas Elliman, highlighting her role in facilitating the deal among the buyers and sellers. The participation of multiple investment groups as buyers indicates a collaborative approach to acquiring the development site, potentially for future development projects in an active market.