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656-660 Lexington Avenue
SOLD

Sergey Rybak Acquires Development Site In Midtown East For $24M

656-660 Lexington Avenue

Development Site
52,920 SF
clock iconSold 1 year ago
Damani Strasner
Will Conrad
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Summary

Sale
NEW YORK
Development Site
52,920 sqft

The development site located at 656-660 Lexington Avenue in Midtown East has been sold for $24,000,000. The property, spanning 52,920 square feet, offers significant potential for development. The buyer, Sergey Rybak of RybakDev, secured the property after outbidding several qualified developers in a highly competitive market.

Summary of Transaction Details:

  • Property Type: Development Site 🏗
  • Sale Price: $24,000,000
  • Address: 656-660 Lexington Avenue
  • Market: Midtown East
  • Buyer: Sergey Rybak (@RybakDev)
  • Seller: The Biagi Family

Represented by Will Conrad and Damani Strasner of Cushman & Wakefield, the transaction was successfully executed within 30 days of signing a hard contract. Will Conrad initially brought the property to the market in May, capitalizing on the resurgence of New York City's rental market. For similar development sites or any inquiries, reach out to Will Conrad at [email protected] or call 646-660-1784.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Damani Strasner's profile picture
Damani Strasner
Cushman & Wakefield-image
Associate
$66.5M Sold
Will Conrad's profile picture
Will Conrad
Cushman & Wakefield-image
Director
$158.7M Sold
Cushman & Wakefield's profile picture
Cushman & Wakefield
Cushman & Wakefield

Details

Deal Summary
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SOLD
IMAGE: Will Conrad, Sergey Rybak & Damani Strasner DATE: 12/06/2021 ADDRESS: 656-660 Lexington Avenue MARKET: Midtown East ASSET TYPE: Development Site 🏗 BUYER: @RybakDev - Sergey Rybak SELLER: The Biagi Family BROKERS: Will Conrad (@WTConrad) & Damani Strasner - Cushman & Wakefield (@CushWake) SALE PRICE: $24,000,000 BSF: 52,920 ~ PPBSF: $453 NOTE FROM @CushWake: Will Conrad brought 656 Lexington to market in May of this year, just as New York City's rental market was entering a massive resurgence. The purchaser outbid numerous qualified developers, & a hard contract was signed 30 days later. Please contact us for similar development sites or with any questions: 👤Will Conrad 📧 [email protected] 📱 646-660-1784.

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Address656-660 Lexington Avenue

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