Harry Macklowe And Scott Shnay Acquire Development Site From Churchill Real Estate For $49M

A development site located at 809 Madison Avenue in the Upper East Side has been sold for $49,000,000. The property encompasses 38,540 square feet, resulting in a price per square foot of $1,271.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $49,000,000
• Address: 809 Madison Avenue
• Market: Upper East Side
• Square Footage: 38,540
• Price Per Square Foot: $1,271
• Buyer: Harry Macklowe & Scott Shnay
• Seller: Churchill Real Estate
• Brokers: James Nelson, Brent Glodowski, Eric Karmitz, Alexandra Marolda & Brandon Polakoff - Avison Young

This transaction was facilitated by the brokerage team from Avison Young, which included James Nelson, Brent Glodowski, Eric Karmitz, Alexandra Marolda, and Brandon Polakoff, representing both the buyer and seller in this deal.