Wildenstein & Co. Acquires Vacant Building On 275 Canal Street In Manhattan For $10.5M

The vacant building located at 275 Canal Street in Manhattan, New York was sold in a recent transaction. The property spans 11,000 square feet and was sold for a price of $10,500,000, resulting in a price per square foot of $954. The seller of the building was the Wexler Family, while the buyer was Wildenstein & Co., an art dealer. The deal was facilitated by David Gomez from Fountain Realty Group.

Summary of transation details

• Property Type: Vacant Building
• Transaction Amount: $10,500,000
• Date: 10/19/2017
• Address: 275 Canal Street
• City: New York
• Market: Manhattan
• Price per Square Foot: $954
• Seller: Wexler Family
• Buyer: Wildenstein & Co. (Art dealer)
• Broker: David Gomez, Fountain Realty Group

The involvement of Wildenstein & Co., a prominent art dealer, as the buyer highlights the potential for the property to be utilized for artistic purposes or as an investment in the art market. The acquisition was facilitated by David Gomez, who represented the Wexler Family in the transaction. The sale of this vacant building in a prime location in Manhattan further demonstrates the robust real estate market in the area.