Realya Investment Funds Purchases Mixed-Use Asset At 387-401 Avenue Of The Americas For $24.25M

The property involved in this transaction is a mixed-use asset located at 387-401 Avenue of the Americas in the West Village market. The sale was completed for a price of $24,250,000, encompassing a total square footage of 25,517. The price per square foot is calculated at $950, with buildable rights allowing for an estimated increase in size up to approximately 40,000 square feet, valuing the buildable footage at $606 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $24,250,000
• Square Footage: 25,517
• Price Per Square Foot: $950
• Buildable Rights: Up to approximately 40,000 SF
• Buildable Footage Price Per Square Foot: $606
• Buyer: Realya Investment Funds - Rachelie Alperovitz
• Seller: Walter & Samuels
• Buyer's Representative: Sahar Ziv - Douglas Elliman
• Seller's Representative: Albert Sultan - Kassin Sabbagh Realty

This transaction includes key representatives with Sahar Ziv from Douglas Elliman acting on behalf of the buyer, Realya Investment Funds, while Albert Sultan from Kassin Sabbagh Realty represents the seller, Walter & Samuels. The involvement of these professionals facilitated the negotiation and closing of the sale.