Midwood Investment & Development Acquires Development Site From Joshua Smith For $41M In Manhattan

1 Greenwich Avenue

$41,000,000

$3,416/SF

Building Size

12,000 SF

Asset Type

Development Site

Closing

Jun 7, 2026

AI

The property involved in this transaction is a development site located at 1 Greenwich Avenue in Manhattan. The site was sold for $41,000,000, with a building square footage of 50,958 and a price per building square foot of $804. Additionally, the site has a total square footage of 12,000, with a price per square foot of $3,416.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $41,000,000
Address: 1 Greenwich Avenue
Market: Manhattan
Building Square Footage: 50,958
Price Per Building Square Foot: $804
Total Square Footage: 12,000
Price Per Square Foot: $3,416
Buyer: Midwood Investment & Development
Seller: Joshua Smith
Brokers: James Kuhn, Brett Siegel, William Lee & Christine Felling - Newmark

The deal involved key individuals and firms, specifically the buyer, Midwood Investment & Development, and the seller, Joshua Smith. The transaction was facilitated by brokers James Kuhn, Brett Siegel, William Lee, and Christine Felling from Newmark, representing the parties involved in the sale.

Players