Extell Development Company Acquires 262 W 96th St New York For $80 Million With Brian Ezratty As Seller's Rep

The property involved in this transaction is located at 262 W 96th St, New York, NY, 10025. It sold for $80,000,000.00 and offers over 151,000 buildable square feet, with inclusionary air rights. The building has been a two-story corner structure and previously housed a Gristedes supermarket until June.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $80,000,000.00
• Address: 262 W 96th St, New York, NY, 10025
• Market: New York
• Seller's Representative: Brian Ezratty (Newmark)
• Buyer: Extell Development Company
• Square Footage: 151,000 buildable square feet

The sellers of the property were philanthropist and real estate investor Susan Carmel Lehrman and Kenneth Carmel. Eastern Consolidated's Brian Ezratty and Peter Hauspurg represented the sellers, while Ezratty facilitated the connection with the buyer, Extell Development Company. The deal was finalized following extensive negotiations, and the property is poised for future development after a lease termination agreement with Chase Manhattan.