RybakDev Acquires Development Site On Upper East Side For $26M

A development site located at 126 E 86th St. in the Upper East Side has been sold for a price of $26,000,000. The property, with a lot size of 51.11 ft x 102.17 ft, is zoned as C5-1A. The transaction took place on 11/02/2020. The buyer of the property is Sergey Rybak, who is affiliated with @RybakDev. The deal was facilitated by the brokers James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young. The sale price equates to a price per square foot of $498, with a building square footage of 52,210.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $26,000,000
• Address: 126 E 86th St., Upper East Side
• Market: Upper East Side
• Zoning: C5-1A
• Buyer: Sergey Rybak (@RybakDev)
• Brokers: James Nelson, Alexandra Marolda, Erik Edeen, Marty Cottingham - Avison Young
• Price per Square Foot: $498
• Lot Size: 51.11 ft x 102.17 ft

The successful transaction of the development site at 126 E 86th St. on the Upper East Side was made possible by the involvement of key individuals and companies. Sergey Rybak, as the buyer, played a crucial role in acquiring the property. Additionally, James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young provided their expertise as brokers in facilitating the deal.