Cushman & Wakefield Brokers Sell Midtown East Development Site For $5.25M

A development site located at 306 East 50th Street in Midtown East has recently been sold for $5,250,000. The property spans approximately 14,800 square feet and has a price per buildable square foot (PPBSF) of $354. The transaction took place on January 19, 2022.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $5,250,000
• Address: 306 East 50th Street
• Market: Midtown East
• Seller: Jonathan Levine
• BROKERS: John Ciraulo, Craig Waggner, Mike Kavanagh, Will Conrad, and Damani Strasner (Team Ciraulo & Waggner) - Cushman & Wakefield
• BSF: 14,800
• PPBSF: $354

The sale of the development site was facilitated by a team of brokers from Cushman & Wakefield, including John Ciraulo, Craig Waggner, Mike Kavanagh, Will Conrad, and Damani Strasner. They represented the seller, Jonathan Levine, in the transaction.