The Hudson Yards district site is currently used as the 14,300-sf headquarters of the Stuart Dean Co. Currently the property consists of a two-story garage, a five-story walk-up, and an undeveloped irregular sliver of land totaling approximately 131 feet of frontage.
Eastern Consolidated's senior managing directors Eric M. Anton and Ronald Solarz, with analyst Paul Nigido exclusively represented the seller. They also procured the buyer.
"Zoning for the site, which includes air rights, vastly enhanced its value," explains Anton, "because ultimately a much larger building with an increased FAR may be built on the site." He says Barnett can purchase additional FARs' from the MTA in order to construct a building of approximately 315,360 sf.
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