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On the Market

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A little five-story building at 51 White Street in Tribeca is hitting the market for $24 million, or around $1,420 per square foot. The 16,908-square-foot property—rather unremarkable beyond its Tribeca location—has a little over 6,000 square feet of unused development rights, meaning a buyer could add around two stories to the building, pending approval from the Landmarks Preservation Commission. "You could buy and convert this building for around $1,600 to $1,700 per square foot, which is much less than the $2,500 per square foot and higher for most new condos in TriBeCa these days," said James Nelson, the broker at Cushman & Wakefield who's handling the site. [Crain's]