Ken Griffin, Steven Roth, Samantha Rudin Earls & Michael Rudin Acquire Development Site For $78M

The development site located on East 50th Street in Midtown Manhattan has been put under contract by billionaire Ken Griffin, Vornado Realty Trust, and Rudin Management. The transaction involves the purchase of up to 250,000 square feet of air rights from St. Bartholomew’s church for a total price of $78 million, equating to approximately $312 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $78,000,000
• Address: East 50th Street
• Market: Midtown Manhattan
• SF: 250,000
• Buyer: Ken Griffin, Steven Roth - Vornado Realty Trust & Samantha Rudin Earls & Michael Rudin - Rudin Management
• PPSF: $312

Ken Griffin, Steven Roth from Vornado Realty Trust, and Samantha Rudin Earls along with Michael Rudin from Rudin Management are the key individuals and companies involved in this significant property transaction. The deal includes the acquisition of air rights from St. Bartholomew’s church, highlighting the collective efforts of these prominent figures in the real estate industry.