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Penn South Capital Acquires Development Site In Greenwich Village For $11.9M

18-20 East 13th Street
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This Development Site property located in NY was sold for $11,900,000 over 2 years ago. The brokers of the deal were Jack Moran, Howard Raber, Michael Tortorici, Matthew (Matt) Gillis, and Lee Odell

A development site located at 18-20 East 13th Street in Greenwich Village, Manhattan has been sold. The property, with a total square footage of 11,074, was purchased for a sale price of $11,900,000, resulting in a price per square foot of $1,074.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $11,900,000
  • Address: 18-20 East 13th Street, Greenwich Village, Manhattan
  • Market: Greenwich Village, Manhattan

Penn South Capital, represented by Parag Sawhney and Raymond Chera, acquired the property. The seller, Ariel Property Advisors, was represented by Michael A. Tortorici, Jack Moran, Howard Raber, and Matthew Gillis. The buyer's representative in the deal was Lee Odell from Lee Odell Real Estate, Inc.

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Deals
  • Location
    18-20 East 13th Street, Manhattan, NY 1000318-20 East 13th Street, Manhattan, NY 10003
  • Sale Price
    $11,900,000$11,900,000
    $1,074 PPSF$1,074 PPSF
  • Area
    11,074 SF11,074 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Jack Moran

Jack Moran

Deals5
Sold$42.5M

Lee Odell

Lee Odell

Deals3
Sold$38.2M

Agency

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

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Deal Summary

SALE IMAGE: Michael A. Tortorici, Jack Moran, Howard Raber, Matthew Gillis & Lee Odell DATE: 12/14/2021 ADDRESS: 18-20 East 13th Street MARKET: Greenwich Village, Manhattan ASSET TYPE: Development Site BUYER: Penn South Capital - Parag Sawhney & Raymond Chera SELLER'S REP: Michael A. Tortorici, Jack Moran (@JMoran53), Howard Raber & Matthew Gillis (@MatthewLGillis) - Ariel Property Advisors (@ArielPA.NYC) BUYER'REP: Lee Odell - Lee Odell Real Estate, Inc SALE PRICE: $11,900,000 SF: 11,074 ~ PPSF: $1,074

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18-20 East 13th Street

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