Katherine D. Furman Acquires Commercial Property In Theatre District For $323.3M

The commercial property located at 811 7th Avenue in the Theatre District - Times Square, Manhattan was recently sold in a transaction. The property has a zoning classification of C6-6, C6-6.5, MiD. The buyer of the property was Katherine D. Furman, while the seller was Jeffrey S. Clark. The sale took place on the 19th of April 2022.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $323,262,700
• Address: 811 7th Avenue
• Market: Theatre District - Times Square, Manhattan
• Zoning: C6-6, C6-6.5, MiD

The property has a building square footage of 911,625 with a price per square foot of $345. The total square footage is 1,171,742, and the price per square foot for the entire property is $275. The property has a floor-area ratio (FAR) of 19.28 and a tax class of 4.

The lot size is 60,775, and the property was last sold on February 28, 2006, for a price of $834,518,000. An alteration permit was issued on November 5, 2020, for the property. The lot dimensions are 200.83 ft x 305 ft.