Rabsky Group Acquires Development Site From Bonjour Capital In Tribeca For $57M

The asset involved in this transaction is a development site located at 51-59 Franklin Street & 358 Broadway in Tribeca, Manhattan. It was sold for $57,000,000, with a total built square footage (BSF) of 120,000 and a price per built square foot (PPBSF) of $475. Additionally, the property has a total square footage (SF) of 8,900 and a price per square foot (PPSF) of $6,404.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $57,000,000
• Built Square Footage (BSF): 120,000
• Price per Built Square Foot (PPBSF): $475
• Total Square Footage (SF): 8,900
• Price per Square Foot (PPSF): $6,404
• Buyer: Rabsky Group
• Seller: Bonjour Capital
• Broker: Lipa Lieberman - Meridian Capital Group

This transaction involved Rabsky Group as the buyer and Bonjour Capital as the seller. The brokerage services were provided by Lipa Lieberman from Meridian Capital Group, representing the interests of the seller in this deal.