Avdoo & Partners Development Acquires Development Site In Upper East Side For $52M With Brokers Elad Dror And Robert Knakal

The asset involved in this transaction is a development site located at 1341-1347 2nd Avenue & 242 East 71st Street in the Upper East Side market. The sale price was recorded at $52,000,000, with a building square footage (BSF) of 100,417 and a price per building square foot (PPBSF) of $517. The site also has a total square footage (SF) of 41,580, equating to a price per square foot (PPSF) of $1,250.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $52,000,000
• BSF: 100,417
• PPBSF: $517
• SF: 41,580
• PPSF: $1,250
• Buyer: Avdoo & Partners Development
• Buyer's Representative: Elad Dror - PD Properties
• Seller's Representative: Robert Knakal - BK Real Estate Advisors

The key individuals involved in this transaction include Elad Dror, who represents Avdoo & Partners Development, and Robert Knakal, who represents the seller in the deal. Both representatives are affiliated with their respective agencies, facilitating the transaction between the buyer and seller.