Legion Investment Group Acquires Upper East Side Dev Site For $50.6M

Legion Investment Group, represented by Victor Sigoura, has acquired a development site on the Upper East Side of New York City. The property, located at 109 & 111 East 79th Street, was sold by Kamran Hakim for a total price of $50,553,000. The site has a buildable square footage of 50,000 and a price per buildable square footage of $1,011. This transaction is part of an assemblage that includes five properties, with a total price of $112,800,000.

Summary of transation details

• Property Type: Dev Site
• Transaction Amount: $50,553,000
• Address: 109 & 111 East 79th Street
• Market: Upper East Side
• Buyer: Legion Investment Group - Victor Sigoura
• Seller: Kamran Hakim
• Brokers: Ceasar Salama, Joseph Ash - Kassin Sabbagh Realty

The acquisition of this development site was facilitated by Ceasar Salama and Joseph Ash from Kassin Sabbagh Realty. It presents a significant investment opportunity for Legion Investment Group, given its prime location in the Upper East Side. The assemblage of these properties adds further value to the deal, making it a strategic move in the real estate market.