Yards Realty LLC paid $7M to Friars Minor Of The Order Of St. Francis

Yards Realty LLC paid Friars Minor Of The Order Of St. Francis $6.9 million for 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 10 residential units at 440 West 36 Street in Hudson Yards. The deal closed on July 18, 2019 and was recorded on July 30, 2019. The parcel(s) have total development potential of 23,336 square feet.
The average sale price per square foot is $466.
The estimated cap rate is 7.5%

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