John Murray Acquires Commercial Property On Lexington Avenue For $89.8M

The commercial property located at 303 Lexington Avenue in Murray Hill, Manhattan was recently sold in a closed transaction. The property has an address of 303 Lexington Avenue and is situated in the Murray Hill market. It falls under the commercial asset type and is zoned as R10, R8B. The sale took place on April 26, 2022.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $89,792,308
• Square Footage: 179,168 SF
• Price Per Square Foot: $501
• Market: Murray Hill, Manhattan
• Buyer: John Murray
• Seller: Thomas Felderman

The property has a floor area ratio (FAR) of 12.97 and falls under tax class 4. The lot size is 13,814 square feet, with dimensions of 98.63 ft x 140 ft. The property previously underwent an alteration permit on March 11, 2020, marked as Alteration 2.