287 East 10Th LLC paid $32M to The Boys’ Club Of New York

287 East 10Th LLC paid The Boys’ Club Of New York $31.7 million for 1 parcel, including the tax class miscellaneous amusement or recreation including riding academies and stables (P9) at 291 East 10 Street in East Village. The deal closed on July 16, 2019 and was recorded on July 19, 2019. The parcel(s) have total development potential of 50,000 square feet.
The average sale price per square foot is $635.
The estimated cap rate is 1.2%

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $83,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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