Rybak Development Acquires Upper East Side Development Site For $26M | 126 East 86th Street | Erik Edeen, Martin (Marty) Cottingham | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

52,210 sqft

A development site located at 126 E 86th St in the Upper East Side of New York City has been sold for a price of $26,000,000. The property is zoned as C5-1A and has a lot size of 51.11 ft x 102.17 ft. The total buildable square footage (BSF) is 52,210, resulting in a price per square foot (PPSF) of $498.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $26,000,000
Market: Upper East Side
Asset Type: Development Site
Zoning: C5-1A

The buyer of the development site is Rybak Development, represented by Sergey Rybak. The transaction was facilitated by brokers James Nelson, Alexandra Marolda, Erik Edeen, and Marty Cottingham from Avison Young.

Players

All
3

Agents
2
Agencies
1

Erik Edeen

Principal

$203.9M Sold

Martin (Marty) Cottingham

Principal

$66.5M Sold

Avison Young

Details

Deal Summary

SOLD

IMAGE: Marty Cottingham, James Nelson (@JamesNelsonNYC), Alexandra Marolda (@Alexandra_M_690), Erik Edeen (@ErikEdeen) DATE: 11/02/2020 ADDRESS: 126 E 86th St. MARKET: Upper East Side ASSET TYPE: Development Site ~ ZONING: C5-1A PRICE: $26,000,000 BSF: 52,210 ~ PPSF: $498 BUYER: Rybak Development – Sergey Rybak BROKERS: James Nelson, Alexandra Marolda, Erik Edeen, Marty Cottingham – Avison Young LOT SIZE: 51.11 ft x 102.17 ft

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Address126 East 86th Street

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