Sedesco Acquires Development Site On 41 West 57th Street In Manhattan For $80M

The development site located at 41 West 57th Street in Manhattan, New York, has been sold for a transaction price of $80 million. The property spans approximately 100,000 square feet (BSF) with a price per buildable square foot (PPBSF) of $800. The seller, Asuman Polat, successfully closed the deal with the buyer, Sedesco – Demir Sabanci. The transaction was facilitated by broker Josh Augenbaum from Augenbaum Realty Corp.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $80 million
• Address: 41 West 57th Street, Manhattan, New York
• Market: Manhattan, New York
• Buildable Square Footage (BSF): 100,000
• Price per Buildable Square Foot (PPBSF): $800
• Seller: Asuman Polat
• Buyer: Sedesco – Demir Sabanci
• Broker: Josh Augenbaum – Augenbaum Realty Corp.

This notable transaction involved key individuals and companies such as Asuman Polat, the seller, and Sedesco – Demir Sabanci, the buyer. The successful completion of the deal was made possible with the assistance of broker Josh Augenbaum from Augenbaum Realty Corp.