Michael Kirchmann And Alan Rudikoff Acquire Development Site In Chelsea For $22.6M | 118 10th Avenue | Brett Siegel, Evan Layne | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

118 10th Ave, located in Chelsea, is a development site that has been recently sold. The property was purchased for a total of $22,600,000. With a buildable square footage (BSF) of 100,000, the price per buildable square footage (PPBSF) was estimated to be $226.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $22,600,000
BSF: 100,000
PPBSF: $226

The sale was facilitated by Eastdil brokers Evan Layne and Brett Siegel. The seller of the property was Real Estate Equities Corporation. On the buyer's side, Michael Kirchmann and Alan Rudikoff, representing GDSNY and Klovern of Sweden respectively, acquired the development site.

Players

All
3

Agents
2
Agencies
1

Brett Siegel

Vice Chairman, Co-Head

$4.1B Sold

Evan Layne

Vice Chairman and Co-Head, New York Capital Markets Investment Sales Division

$3.9B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: Alan Rudikoff, Brandon Miller, Michael Kirchmann DATE: 06/03/2019 ADDRESS: 118 10th Ave MARKET: Chelsea ASSET TYPE: Development Site SALE PRICE: $22,600,000 BSF: 100K / PPBSF: $226 SELLER: Real Estate Equities Corporation BUYER: Michael Kirchmann, Alan Rudikoff @GDSNY & Klovern of Sweden BROKER: Evan Layne & Brett Siegel – Eastdil

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Address118 10th Avenue

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