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
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