Alan P. Miller Senior director Eastern Consolidated.Miller most recently shattered price records in the Financial District with the sale of 6 Water Street for $56 million. The transaction closed in excess of $400 psf buildable build·a·ble adj. Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. , surpassing the former benchmark of $300 psf. A hospitality project is planned for 6 Water, currently occupied by McDonald's & across from the Staten Island Ferry The Staten Island Ferry is a passenger ferry operated by the New York City Department of Transportation between Whitehall Street at the southernmost tip of Manhattan near Battery Park (South Ferry) and St. Terminal and 1 New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Plaza. In West Chelsea, Miller was involved in the September 2007 record-breaking sale of a manufacturing-zoned parcel where a hotel backed by hip hop hip-hop or hip hop n. 1. A popular urban youth culture, closely associated with rap music and with the style and fashions of African-American inner-city residents. 2. Rap music. adj. impresario Jay Z is being planned. That involved transferring 40,000 s/f of air rights for nearly $400 psf, facilitated by Miller. The air rights go with adjacent land sold for in excess of $500 psf buildable, a price never before achieved for an M-zoned parcel. Miller has more than 24 years experience selling development sites, hotels, residential conversions, commercial buildings, parking facilities, outdoor signage, transferrable development rights, 421-a tax certificates and inclusionary air rights. Noteworthy transactions include a NNN NNN Triple Net (method of computing real estate costs among commercial rental properties; lease) NNN Nippon News Network (Japan) NNN Newspaper National Network LP NNN Novy-MacNeal-Nicolle lease of a 591-room hotel currently the Radisson Herald Square; a NNN lease of a 220-room hotel on Broadway known as the Ameritania. [ILLUSTRATION OMITTED] |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion