Navnit Kumar Sells Development Site In Kips Bay, Manhattan For $7.1M

140 Lexington Avenue, a development site located in Kips Bay, Manhattan, has been sold for $7,075,000. The transaction took place on June 10, 2022. This asset consists of a total of 14,863 square feet, with a price per buildable square foot (PPBSF) of $476.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,075,000
• Address: 140 Lexington Avenue
• Market: Kips Bay, Manhattan
• Total Square Footage: 14,863
• Price per Buildable Square Foot (PPBSF): $476

Navnit Kumar served as the seller in this transaction. The listing and representation on behalf of the seller were handled by Howard Raber, Michael Tortorici, and Matthew Gillis from Ariel Property Advisors.