Jack Dutch Acquires MultiFamily Property At 1 Essex Street In New York For $7M

This multi-family asset located at 1 Essex Street in New York has been sold for $7,000,000.00. The property encompasses a total square footage of 23,397.0 and is part of a strategic acquisition that combines it with adjacent properties 23-29 Canal, 3 Essex, and 5 Essex. This development opportunity increases the overall buildable area to over 50,000 square feet.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $7,000,000.00
• Address: 1 Essex Street
• Market: New York
• Total Square Footage: 23,397.0
• Buyer: Jack Dutch
• Seller: Alice Blumenthanl
• Buyer's Representative: Jared Minc (Building Equity Management)
• Seller's Representatives: Bryan Hurley (Cushman & Wakefield), Daniel Abbondandolo (Cushman & Wakefield), Michael Decheser (Cushman & Wakefield)

This transaction features several key individuals contributing to the success of the deal. Jared Minc represents the buyer, Jack Dutch, while the seller, Alice Blumenthanl, is represented by a team from Cushman & Wakefield, including Bryan Hurley, Daniel Abbondandolo, and Michael Decheser. The acquisition enhances the development potential for the assembled properties, allowing for expanded building opportunities in the future.