SOLD
Minrav Development Acquires Development Site In Gramercy For $28.5M
305, 307, 309, & 311 1st Avenue
Development Site
55,545 SF
55,545 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
55,545 sqft
Minrav Development, led by Yehuda Mor, has acquired a development site in Gramercy for $28,500,000. The property, located at 305, 307, 309, and 311 1st Avenue, is a development site with a zoning classification of C1-8A. The site spans a total of 55,545 square feet, resulting in a price per square foot of $513. The transaction took place on February 5, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,500,000
- Address: 305, 307, 309, and 311 1st Avenue
- Market: Gramercy
- Zoning: C1-8A
The seller in this transaction was CIM Group. The brokers involved in the deal were Lipa Lieberman, David Schechtman, and Abie Kassin from Meridian Capital Group. Additionally, the sale also included another property at 343 E 17th Street, which was sold for $12,000,000.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: @ShaulKuba, Avi Shemesh, Lior Carucci, & Yehuda Mor
DATE: 02/05/2020
ADDRESS: 305, 307, 309, & 311 1st Avenue
MARKET: Gramercy
ASSET TYPE: Development Site ~ ZONING: C1-8A
BUYER: Minrav Development - Yehuda Mor
SELLER: @CIMGroup
BROKERS: Lipa Lieberman, David Schechtman and Abie Kassin @meridian.capital.group
PRICE: $28,500,000
BSF: 55,545 ~ PPBSF: $513
NOTE: Sale also included 343 E 17th sSt. - $12MView on map
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Address305, 307, 309, & 311 1st Avenue
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