Samir al-Hadidi paid $8M to Yves Picot

Samir al-Hadidi through the entity HC-48W55, LLC paid Yves Picot’s 48 WEST 55TH LLC $8.0 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units at 48 West 55 Street in Plaza District. The deal closed on June 17, 2019 and was recorded on July 18, 2019. The parcel(s) have total development potential of 26,158 square feet.
The average sale price per square foot is $497.
The estimated cap rate is 6.4%

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