R.A. Cohen: R. A. Cohen asking $1,420 a foot for Tribeca rental

R. A. Cohen & Associates has put a five-story Tribeca rental building on the market for $24 million, or a steep $1,420 per square foot. The nearly 17,000-square-foot property at 51-53 White Street, between Church Street and Broadway in the Tribeca East Historic District, has more than 6,300 square feet of unused development rights. The new owner could construct two extra floors atop the building upon receiving approval from the Landmarks Preservation Commission. Cushman & ... [more]