511 West 35th Street Update 11/03/21

Three Hudson Yards Lots Acquired for $77M

An abutting cluster of lots in Hudson Yards has just been sold for $77 million. Related Companies purchased the trio of vacant parcels as a package deal from Spitzer Enterprises. Consisting of 511 West 35th Street, 506 West 36th Street, and a smaller lot addressed as 512 West 35th Street, the three properties total a combined 17,300 square feet.

Spitzer Enterprises has owned the lots since 2013 when they purchased them for $88 million. The land was likely scooped up by Related Companies for future developments. Located just north of The Spiral, and next door to a large residential project at 451 Tenth Avenue, the lots have strong buildable potential in one of NYC's most active development areas.

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