Jack Guttman pays $6M to Marc Herrmann for manufacturing property in Hunts Point

Jack Guttman through the entity 512 Tiffany LLC paid Marc Herrmann’s Trylon Wire & Metal Works, Inc. $6.3 million for 512 Tiffany Street in Hunts Point. The deal closed on March 30, 2020, and was recorded on April 2, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous manufacturing building (F9). The property is 21,000 square feet. The parcel(s) have total development potential of 40,000 square feet.
The average sale price per square foot is $158.

The sale went into contract December 24, 2019. Trylon Wire bought the building in 1977.

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