Steven Roth Of Vornado Realty Trust Acquires Development Site From Charles S. Cohen For $141M

3 East 54th Street is a development site located in Manhattan. It has a sale price of $141,000,000 and encompasses 18,400 square feet, resulting in a price per square foot of approximately $7,663. The site is demolition-ready for future development opportunities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $141,000,000
• Buyer: Steven Roth - Vornado Realty Trust
• Seller: Charles S. Cohen - Cohen Brothers Realty
• Square Footage: 18,400
• Price Per Square Foot: $7,663
• Market: Manhattan
• Mortgage Credit: $107,000,000 toward the purchase

Steven Roth, representing Vornado Realty Trust, and Charles S. Cohen, representing Cohen Brothers Realty, facilitated this significant transaction. The acquisition of the demolition-ready office site underscores Vornado's strategic investment in the area.