DEVELOPMENT SITE NEAR WTC SITE TRADES FOR $19.6 MILLION

NEW YORK CITY — An undisclosed party has acquired the deed and senior secured first mortgage for a development site located 1 block south of the World Trade Center site. The 6,160-square-foot site is situated at the corner of Greenwich and Thames streets at 133-135 Greenwich St. The seller is currently under Chapter 11 bankruptcy protection and disposed of the site while working with its principal creditor, US Bank. The parcel has previously been approved for a 156,000-square-foot residential/commercial building, which the buyer eventually plans to construct. The Eastern Consolidated tea of David Schectman, Marion Pavone and Lipa Lieberman represented the seller. Eric Anton and Ronald Solarz, also of Eastern Consolidated, procured the buyer.