Teamsters Local 807 Sells Development Site In New York City For $22M

The development site located at 32-43 49th Street in New York City has been sold in a closed transaction. The property spans approximately 15,705 square feet, with a price per square foot of $1,401. The sale price for the site was $22,000,000. The seller of the property was Teamsters Local 807.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $22,000,000
• Address: 32-43 49th Street, New York City
• Market: New York City
• Square Footage: 15,705 SF
• Price per Square Foot: $1,401

Erik Edeen, Brent Glodowski, Fritz Richter, and Kate Kabili from Avison Young represented the seller, Teamsters Local 807, in the transaction.