Station Companies Acquires Development Site In East Village For $7M

The development site located at 14 2nd Avenue in the East Village has been sold for a price of $7,000,000. The property spans an area of 16,140 square feet and has a price per buildable square foot (PBSF) of $433. The transaction took place on October 24, 2018.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Address: 14 2nd Avenue
• Market: East Village
• Total Square Footage: 16,140
• Price per Buildable Square Foot (PBSF): $433

The seller of the property was Evan Blum, while the buyer was Station Companies represented by Dan Vislocky. The sale was facilitated by Brandon Polakoff and James Nelson of Avison Young, who acted as the brokers for the transaction. It is worth noting that this particular property was one of two sites sold by Avison Young as part of a bankruptcy sale. The deal was finalized in under 90 days.