Nexus Building Development Group Acquires UES Development Site For $4.6M

The development site located at 324 E 93rd St in the Upper East Side (UES) has been sold in a closed transaction for a sale price of $4,600,000. The property has a total buildable square footage of 10,068, resulting in a price per buildable square foot (PPBSF) of $456. The transaction involved the seller, Jeff & Perry Gault, who are associated with Gault Management, and the buyer, Shaky Cohen from Nexus Building Development Group.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,600,000
• Buildable Square Footage: 10,068
• Price per Buildable Square Foot: $456
• Address: 324 E 93rd St
• Market: UES

The seller's representatives in this transaction were Jonathan Braun, Chris Varjan, Vickram Jambu, and George Steffani. They played a crucial role in facilitating the deal between the Gaults and Cohen. It is worth noting that no additional details were provided about the buyer's representative or any financing involved in the transaction.