Yevgeniy Lvovsky Purchases Development Site At 316 & 318 East 77th Street For $9.4M

The property asset involved in the transaction is a development site located at 316 & 318 East 77th Street in the Upper East Side market. The sale price was $9,400,000, with a buildable square footage (BSF) of 19,000, resulting in a price per buildable square foot (PPBSF) of $494. The site has a total square footage (SF) of 4,000, equating to a price per square foot (PPSF) of $2,350.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,400,000
• Address: 316 & 318 East 77th Street
• Market: Upper East Side
• Buildable Square Footage: 19,000
• Price per Buildable Square Foot: $494
• Total Square Footage: 4,000
• Price per Square Foot: $2,350
• Buyer: Yevgeniy Lvovsky
• Seller: Sean Levin
• Buyer's Representative: Yevgeniy Kandkhorov - 1 Meridian Realty

Yevgeniy Kandkhorov from 1 Meridian Realty represented the buyer, Yevgeniy Lvovsky, in the transaction. The broker has noted that there is an active pursuit for development land opportunities within the city ranging from $10 million to $50 million, bolstered by strong comparable sales for luxury condominium projects. Interested parties can submit suitable opportunities via email or contact the broker directly.