Updated Oct 27, 2026
36 East 70th Street BH, LLC Acquires Development Site At 34-36 East 70th Street For $20.72M
34-36 East 70th Street, New York, Ny, 10021
$20,720,000
$1,657/SF
Building Size
12,500 SF
Asset Type
Development Site
Closing
Aug 24, 2026
About this deal
AI
The development site located at 34-36 East 70th Street in the Upper East Side was sold for a price of $20,720,000. The property encompasses a total square footage of 12,500, resulting in a price per square foot of $1,657.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,720,000
- Address: 34-36 East 70th Street
- Market: Upper East Side
- Square Footage: 12,500
- Price Per Square Foot: $1,657
- Buyer: 36 East 70th Street BH, LLC - Felipe Franco Belmont - FraBel Group; Tom Ferrari & Danny Golden - F.G. Partners; David Amirian - Amirian Group
- Seller: Norman Jemal
The transaction involved multiple buyers, including Felipe Franco Belmont from FraBel Group, along with Tom Ferrari and Danny Golden from F.G. Partners, and David Amirian from Amirian Group. Norman Jemal served as the seller in the deal.
On the Map
$20,720,000
$1,657/SF
Development Site
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Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93