SUNDRY AGREEMENT: 3,638,565 square feet in Penn Plaza

Farley Building Master Tenant LLC as owner signed an agreement with Balena Funding LLC for 1 parcel, including the tax class railroads, private ownership (U6) at 372 9 Avenue in Penn Plaza. The deal closed on July 31, 2019 and was recorded on August 14, 2019.
The property contains a total of 3,638,565 square feet of built space. The property has 2,260,440 square feet of available development rights.
The last time the property sold was March 30, 2007, for $230,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $60,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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