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

Property Image
SOLD
$931,000,000

New York

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Commercial
Sold 03/18/2022
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Property Image
SOLD

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

149 Columbus Avenue, New York City, New York 10023, United States

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Commercial
Sold 03/18/2022
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Summary

NEW YORK
Asset Type:Commercial
Transaction Type:Sale

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.

Players

Marc Kwestel
6 deals$1.6B volume
BROKER

Marc Kwestel
6 deals$1.6B volume
BUYER

Michael Levy
Crow Holdings
22 deals$2.5B volume
SELLER

Michael Levy
22 deals$2.5B volume
SELLER

Details

SOLD
IMAGE: 03/18/2022 ADDRESS: 149 Columbus Avenue, 147 Columbus Avenue, 77 West 66th Street, 30 West 67th Street, 47 West 66th Street & 7 West 66th Street MARKET: Lincoln Square, Manhattan ASSET TYPE: Commercial BUYER: Marc Kwestel SELLER: Michael L. Levy PRICE: $931,000,000 FAR: 6.63 TAX CLASS: 4 LOT SIZE: 15,059 LAST SALE PRICE: $980,000,000 (06/15/2018) PERMITS: Alteration (11/05/2020) LOT DIMENSION: 100.5 ft x 200 ft

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