.avif)
Successful Sale of 352 Ninth Avenue in Hudson Yards, Manhattan
Bob Knakal successfully closed the sale of 352 Ninth Avenue, a 15-building development site strategically located in the heart of Hudson Yards, one of Manhattan’s most transformative neighborhoods. The site was acquired by the Zucker Organization, led by Donald Zucker, for $8,100,000.
This high-profile transaction highlights the appeal of the property’s substantial development potential and corner positioning. With over 80,000 buildable square feet and direct access to Midtown West’s booming infrastructure, the asset stood out as an attractive investment opportunity.
Development Site Sales - For the complete list click here Development Sites
Sale Details
The transaction closed on November 24, 1999, at a final sale price of $8,100,000—equating to approximately $101.25 per buildable square foot. The buyer, Donald Zucker of the Zucker Organization, acquired the site from Robert Shapiro of Oestreicher Properties.
Key sale highlights:
- Sale Price: $8,100,000
- Price per BSF: $101.25
- Buyer: Zucker Organization (Donald Zucker)
- Seller: Robert Shapiro (Oestreicher Properties)
- Sale Date: November 24, 1999
- Asset Class: Development
- Buildings Included: 15
Property Details
Situated at the northeast corner of Ninth Avenue and West 30th Street, 352 Ninth Avenue is ideally positioned for mixed-use development. The property offers immediate access to the Hudson Yards development corridor, Penn Station, and the future expansion of Midtown West’s business district.
Property Address: 352 Ninth Avenue, New York, NY 10001
Neighborhood: Hudson Yards – Midtown West, Manhattan
Block / Lot: 754 / 1
BSF: 80,000
Portfolio Note: Includes 363 West 30th Street
Investment Highlights:
- Corner Location: Prominent positioning on a major intersection in Hudson Yards
- Significant Frontage: Excellent visibility and access
- Future Development Potential: Ideal for residential or mixed-use development
- Nearby Mega Projects: Surrounded by large-scale infrastructure investments
Market Strategy and Positioning
At the time of sale, Hudson Yards was emerging as one of Manhattan’s most anticipated development zones. With rezoning efforts and large-scale private and public investment, developers and investors were seeking early entry into the submarket.
Bob Knakal’s strategy focused on positioning the property as a first-mover opportunity in a neighborhood that was poised for rapid transformation. The sale underscored market confidence in Midtown West and secured excellent value for the seller at $101.25 per buildable square foot.
Neighborhood Overview
Hudson Yards is now recognized as a symbol of New York City’s modern skyline and development ambition. At the time of this sale, it was an untapped corridor with immense potential—a blank canvas for commercial, residential, and cultural expansion.
Key neighborhood highlights:
- Directly adjacent to Penn Station and Moynihan Train Hall
- Steps from the High Line and Hudson River Park
- Part of the Hudson Yards Rezoning District, supporting higher FAR
- Major developments nearby include Related Companies’ Hudson Yards project
Conclusion
The sale of 352 Ninth Avenue marks a pivotal moment in the early transformation of Hudson Yards. Bob Knakal’s market expertise and strategic positioning helped facilitate a successful deal that aligned with the growing demand for large-scale development sites in Midtown West.
As Hudson Yards continues to thrive, this transaction reflects Bob Knakal’s foresight in identifying value early and executing deals that align with long-term market growth.
Testimonial
“Bob sold me the property so naturally, when I decided to sell it, he was my choice. Bob did a tremendous job for me and obtained a price we were very pleased with. Thanks Bob.”
— Robert Shapiro, Oestreicher Realty
Learn More About New York Real Estate
Explore our exclusive online magazine to discover remarkable New York real estate deals and Success Stories from the city and surrounding areas.
Frequently Asked Questions
Q1: What type of property is 352 Ninth Avenue?
It is a corner development site comprised of 15 buildings, sold for redevelopment in Hudson Yards.
Q2: How large is the buildable square footage for this site?
The site offers approximately 80,000 buildable square feet.
Q3: Where is the property located?
It’s located at 352 Ninth Avenue, at the corner of West 30th Street in Hudson Yards, Manhattan.
Q4: Who purchased the property?
The Zucker Organization, led by Donald Zucker, acquired the property.
Q5: What made this property attractive to developers?
Its location in a rezoned, high-growth neighborhood, corner visibility, and large development potential made it highly appealing.
Q6: When did the transaction close?
The deal was finalized on November 24, 1999.
