SOLD
TLM Equities & Vault Development Acquire Development Site On Lower East Side For $8.7M
66 Clinton Street
Development Site
16,348 SF
16,348 SF
Sold 1 year ago
Summary
Sale
CONNECTICUT
Development Site
16,348 sqft
The development site located at 66 Clinton St in the Lower East Side has been sold for a price of $8,700,000. The property spans a total of 16,348 square feet, resulting in a price per square foot of $532. The site includes a three-story, 4,340-square-foot building and an adjacent vacant lot. It has been acquired by TLM Equities & Vault Development, represented by Matt Levine & Rob Zecher.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,700,000
- Date: 05/01/2019
- Address: 66 Clinton St
- Market: Lower East Side
The sale of the property was facilitated by brokers Daniel Kaplan and Justin Arzi from CBRE. The buyer, TLM Equities & Vault Development, plans on developing the site into a boutique residential property. It is worth noting that the seller, New Life of New York City, is a youth engagement organization that will be relocating to a new outer-borough location.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Matthew Levine, Justin Arzi, Daniel Kaplan
DATE: 05/01/2019
ADDRESS: 66 Clinton St
MARKET: Lower East Side
ASSET TYPE: Development Site
SELLER: New Life of New York City
BUYER: TLM Equities & Vault Development - Matt Levine & Rob Zecher
BROKERS: Daniel Kaplan & Justin Arzi @CBRE
SALE PRICE: $8,700,000
SF: 16,348 ~ PPSF: $532
NOTE: The site consists of a three story, 4,340-square-foot building and an adjacent vacant lot . It will be developed into a boutique residential property. New Life is a youth engagement organization that will move to a new outer-borough location.View on map
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Address66 Clinton Street
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