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New York & Tri-State  + Midtown New York  |  July 31, 2019
Paul Bubny
By: Paul Bubny

Far West Side Parcel Finds Buyer

Ariel Property Advisors has facilitated the sale of 440 W. 36th St., a development site in the Hudson Yards neighborhood. The property – currently a 25-foot wide vacant, six-story multifamily building – sold for $6.9 million, or $464-per-buildable-square-foot and $1,095-per-existing-square-foot.

An Ariel team of Matthew L. Gillis, Howard Raber and Michael A. Tortorici represented the seller. Angela Huang of Chase Global Realty LLC, procured the buyer.

“This development site provides an opportunity to invest in Hudson Yards, by far Manhattan’s most transformative area, without the risks and factors associated with ground-up development,” said Gillis.

The site is surrounded by numerous high-profile residential and commercial developments, both within Related Oxford’s Hudson Yards mega-project and in the surrounding area.

It also offers a range of transportation options, including direct access to the No. 7 train’s Hudson Yards station less than two blocks away.

For comments, questions or concerns, please contact Paul Bubny

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Connect With Ariel’s GillisConnect With Chase Global’s Huang

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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  • ◦Development
  • ◦Sale/Acquisition