The Real Deal New York

Tribeca development site unloaded for $73M

Deal includes two lots at 353 and 355-357 Broadway, along with air rights

August 13, 2014 11:00AM

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355-357 Broadway and Alan Cohen

355-357 Broadway and Alan Cohen

ABS Partners sold off a development site at 353 and 355-357 Broadway, between Leonard and Franklin streets.

Alan Cohen and Adam Maxson of ABS handled the sale of the property, which had been family-owned for decades. The transaction includes air rights from 359 Broadway, which the family is keeping.

The lots on Broadway total 10,956 square feet. The price came down to $550 for each of the property’s 132,780 buildable square feet. 

There is a 210-foot height limitation on the site. [NYP] – Claire Moses

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