Cushman & Wakefield Brokers $4.6M Sale of Development Site in Manhattan

by David Cohen

NEW YORK CITY — Cushman & Wakefield has brokered the $4.6 million sale of a 25-foot wide development site in Manhattan’s Hell’s Kitchen neighborhood. Located at 422 W. 49th St., the property includes 2,500 square feet of land with a total buildable square footage of approximately 10,500. Maurice Suede of Cushman & Wakefield represented the sellers, The Hakimian Organization and the Gorjian family, in the transaction. The buyer was Mortar Arch + Dev, which plans to develop residential condominiums on the site. The property is within walking distance to the 1, N, R, W, C and E subway trains.

 

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