Redeemer Presbyterian Church Acquires Development Site In Upper East Side For $29.5M

A development site located at 150 East 91st Street in the Upper East Side has been sold for a price of $29,500,000. The site spans over 21,342 square feet, with a price per square foot of $1,382. The building has a total square footage of 45,094, resulting in a price per buildable square foot of $654.

Summary of transation details

• Property Type: Development site
• Transaction Amount: $29,500,000
• Address: 150 East 91st Street
• Market: Upper East Side

The buyer in this transaction was Redeemer Presbyterian Church, while the seller was GPG Properties, formerly known as Mautner Glick. The deal was facilitated by Hunter Moss and Brad Jones from Cushman & Wakefield @BuildingInvestmentSales.