The Real Deal New York

Fredrik Eklund closes $28M deal in LES

The development site sold for a record $700 per buildable square foot
September 06, 2014 12:00PM

A development site in the Lower East Side has sold for $28 million, or $700 per buildable square foot, which is a record for the neighborhood, according to listing broker Fredrik Eklund.

According to Eklund, contracts were signed yesterday.

“I have been working on this almost 40-unit development…for over a year, perfecting the layout, unit mix, the finishes, all of it,” Eklund posted on Instagram. “This is one transaction I am proud of and my team is definitely having a record week.”

According to Streeteasy, the site last sold for $2 million. –Christopher Cameron

  • art

    Why give away 30% of every commission to DE when you can keep it all to yourself like Dolly Lenz.
    At this point does Fredrik Eklund really need to be associated with DE or any firm?
    He’s established and now is a BRAND in NYC!