Allied XXXI LLC paid $5M to the Estate of Susan Borkow

Allied XXXI LLC paid Estate Of Susan Borkow $5.0 million for 1 parcel, including the tax class primarily one to six families with stores or offices (S9) and containing 3 residential units at 94 Greenwich Street in Financial District. The deal closed on August 08, 2019 and was recorded on August 26, 2019. The parcel(s) have total development potential of 28,795 square feet.
The average sale price per square foot is $290.
The estimated cap rate is 8.9%

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $238,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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