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10 West 17th Street

Eddie Bender & Damien Smith Of Prosper Property Group Acquire Development Site In Flatiron District For $16.22M
SOLDDevelopment Site

Eddie Bender & Damien Smith Of Prosper Property Group Acquire Development Site In Flatiron District For $16.22M

10 West 17th Street

$16,220,000

Building Size

Asset Type

Development Site

Closing

Jul 21, 2025

AI

The development site located at 10 West 17th Street in the Flatiron District has been sold for a transaction amount of $16,220,000. The property encompasses a total built square footage of 41,400, translating to a price per built square foot of $391.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $16,220,000
  • Address: 10 West 17th Street
  • Market: Flatiron District
  • Total Built Square Feet: 41,400
  • Price Per Built Square Foot: $391

The transaction was executed by the buyer, Eddie Bender and Damien Smith, both of Prosper Property Group. They are instrumental in finalizing the details of this deal within the competitive Flatiron District market.

Players

Damien Smith

Prosper Property Group

Buyer

$80.7M

vol

6 deals

Buyer

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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93