Grubb Properties Acquires Development Site In Financial District For $89.2M
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This Development Site property located in NY was sold for $89,150,000 over 2 years ago. The broker of the deal was Eric Anton
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- Location8 Carlisle Street, Financial District, New York, NY, USA
- Sale Price$89,150,000$131 PPSF
- Area680,526 SF
- Asset TypeDevelopment Site
- Parties1 Broker, 1 Agency
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Deal Summary
SALE/JV
IMAGE: Richard Ohebshalom (@Rick_Morad) & Clay Grubb
DATE: 09/10/2021
ADDRESS: 8 Carlisle Street
MARKET: Financial District
ASSET TYPE: Development Site 🏗
BUYER: Grubb Properties
SELLER: Pink Stone Capital Group (@PinkStoneCapital)
SALE PRICE: $89,200,000
BSF: 340,526 ~ PPBSF: $261
NOTE: The venture intends to develop a rental tower with an affordable component, over retail space.
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8 Carlisle
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