Shlome Stern Acquires Development Site On 25 Legion Street In New York City

25 Legion Street, a development site located in New York City, was recently sold in a transaction facilitated by Asset Commercial Realty Group. The property spans 3,250 square feet and was sold for a price of $850,000 at a rate of $262 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $850,000
• Address: 25 Legion Street
• Market: New York City

The buyer of 25 Legion Street was Shlome Stern, while the seller was Moisey Suleymanov. Asset Commercial Realty Group, represented by Sadya Liberow, Yuriy Ustoyev, and Ilya Mirzakandov, acted as the brokers for the transaction.

The deal for 25 Legion Street was a long time in the making, taking a total of 7 years and 3 months. The property went through pre-development stages before being exclusively marketed with ongoing construction and various violations and audits. Despite these challenges, the property was delivered with 421A in place, ensuring its compliance with relevant regulations.

To learn more about this deal or other real estate opportunities, interested parties can contact:

• Yuriy Ustoyev - Phone: 718.838.4842, Email: [email protected]
• Sadya Liberow - Phone: 646.363.6175, Email: [email protected]
• Ilya Mirzakandov - Phone: 718.614.8373, Email: [email protected]