Marc Kwestel Acquires Commercial Properties In Lincoln Square, Manhattan For $931M

The commercial property located at 149 Columbus Avenue, 147 Columbus Avenue, 77 West 66th Street, 30 West 67th Street, 47 West 66th Street, and 7 West 66th Street in Lincoln Square, Manhattan, has been sold in a transaction dated March 18, 2022. The asset, which spans a lot size of 15,059 square feet, was purchased by Marc Kwestel from seller Michael L. Levy for a price of $931,000,000. The previous sale of this property took place on June 15, 2018, for a price of $980,000,000. The property has a floor area ratio (FAR) of 6.63 and falls under tax class 4. A permit for alteration was issued on November 5, 2020. The lot dimension measures 100.5 feet by 200 feet.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $931,000,000
• Lot Size: 15,059 square feet
• Last Sale Price: $980,000,000 (06/15/2018)
• Floor Area Ratio (FAR): 6.63
• Tax Class: 4
• Permit: Alteration (11/05/2020)
• Lot Dimension: 100.5 ft x 200 ft

This transaction involved Marc Kwestel as the buyer and Michael L. Levy as the seller. The deal signifies another significant acquisition in the commercial real estate market of Lincoln Square, Manhattan. Various permits and alterations have been completed on the property in recent years, enhancing its value and potential for development.