Ezra Erani paid $10M to Steven Russo

Ezra Erani through the entity 15 West Capital LLC paid Steven Russo’s Russo 34 Realty, LLC $10.2 million for 2 parcels, including the tax class commercial condominium unit (R5) at 15 West 34 Street, 15 West 34 Street in Garment District. The deal closed on July 18, 2019 and was recorded on July 31, 2019. The parcel(s) have total development potential of 10,726 square feet.
The average sale price per square foot is $951.
The estimated cap rate is 4.4%
The last time the property sold was December 10, 2009, for $7,554,409.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article