Damien Smith And Eddie Bender Of Prosper Property Group Acquire Development Site For $24M

The asset involved in this transaction is a development site located at 65 West Broadway in the Financial District of Manhattan. It was sold for $24,000,000, equating to approximately $360 per square foot, with a total area of 66,668 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $24,000,000
• Address: 65 West Broadway
• Market: Financial District, Manhattan
• Price per Square Foot: $360
• Buyer: Damien Smith & Eddie Bender - Prosper Property Group; HM Group USA – Yongsung Kwon
• Seller: Forum Absolute Capital Partners

The deal was executed with the intention for Prosper Property Group and HM Group USA to hold the asset for cash flow purposes, reflecting a strategic investment approach by the buyers in this prime location.