Hornig Capital Partners through the entity Saxa 34 Partners, LLC paid Spitzer Enterprises’s 419 Ninth Avenue LLC $7.9 million for 419 9th Avenue in Hudson Yards. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class primarily three family with store or office (S3) and containing 3 residential units. The property is 4,738 square feet. The parcel(s) have total development potential of 19,748 square feet.
The average sale price per square foot is $400.
The contract date was October 10, 2020, the same day as the closing. Eliot Spitzer sold the building for $600,000 or 7 percent below the April 30, 2014, purchase price of $8.5 million. Spitzer never held any debt on the building.