The asset involved in this transaction is a development site located at 1424 3rd Avenue, 1422 3rd Avenue, and 1420 3rd Avenue in Carnegie Hill, Manhattan. The sale price for the property was $19,200,000, with a total building square footage (BSF) of 122,900, resulting in a price per building square foot (PPBSF) of $156.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,200,000
• Address: 1424 3rd Avenue, 1422 3rd Avenue & 1420 3rd Avenue
• Market: Carnegie Hill, Manhattan
• Building Square Footage: 122,900
• Price Per Building Square Foot: $156
• Buyer: Orin Wilf - Skyline Developers
• Seller: J. Dean Amro - Brodsky Organization

Skyline Developers, represented by Orin Wilf, acquired air rights valued at $19.2M from the Brodsky Organization, represented by J. Dean Amro. The acquisition was made through 185 East 80th Street Development LLC to facilitate the expansion of their site at 185 East 80th Street, valuing 57,406 square feet of development rights at $335 per foot.