Cadence Property Group Acquires Parking Lot In Hell's Kitchen, Manhattan For $15.5M

The parking lot located at 354 West 52nd Street in Hell's Kitchen, Manhattan has been sold for a total of $15,488,000. The property, owned by David Schwartz, Elizabeth Osterhoudt, and Karen Brown, consists of 57,190 square feet of air rights, with no existing built space. The transaction was completed by Cadence Property Group, represented by their agent Howard Glatzer.

Summary of transaction details

• Property Type: Parking Lot
• Transaction Amount: $15,488,000
• Buyer: Cadence Property Group - Howard Glatzer
• Seller: David Schwartz, Elizabeth Osterhoudt & Karen Brown

It is noteworthy that Cadence Property Group acquired both the parking lot and the potential development site at 354 West 52nd Street. With 57,190 square feet of air rights, the property offers a total buildable area of 57,190 square feet, providing ample opportunities for future development.