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DHA Acquires Greenwich Village Site For $32 Million

NEW YORK CITY-The former parking garage site is slated to become a mixed-use residential building, say DHA Capital and its co-development partner, Continental Properties.

By Rayna Katz | Updated on December 18, 2012

NEW YORK CITY-DHA Capital LLC and its co-development partner Continental Properties have purchased 12 E. 13th St. in Manhattan. The property was sold for $32 million, or more than $700 per square foot. ABS Partners represented the sellers.

Hertz Rental Car previously occupied the ground floor while the remainder of the building, which spans 45,032 square feet of space, was being used as a parking garage. The new owners plan to turn the structure into upscale condominiums and will likely create a mix of full-floor homes and duplexes, along with retail facilities, according to a release.

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