Lev Kimyagarov & Rubin Isak Complete Sale Of Off-Site Inclusionary Housing Air Rights In Midtown Manhattan
SOLD
New York
See Similar DealsDevelopment Site
Sold 06/09/2025
SOLD
Lev Kimyagarov & Rubin Isak Complete Sale Of Off-Site Inclusionary Housing Air Rights In Midtown Manhattan
Development Site
Sold 06/09/2025
Summary
Asset Type:Development Site
Transaction Type:Sale
The transaction involved the sale of Off-Site Inclusionary Housing Air Rights located in Community District 5, Midtown Manhattan. The asset type is classified as Air Rights, which are significant in the context of urban development that allows property owners to utilize zoning privileges to build beyond their current footprint.
Summary of transation details:
- Property Type: Air Rights
- Transaction Amount: Not specified
- Market: Midtown Manhattan
- Date of Transaction: 6/10/2025
- Broker Representatives: Lev Kimyagarov & Rubin Isak - Development Site Advisors
Lev Kimyagarov and Rubin Isak represented the sellers in this transaction, working through Development Site Advisors. Their expertise facilitated this sale, focusing on the specific requirements and conditions pertaining to off-site inclusionary housing in the community district.
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Operating Income
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
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Annual Debt Service$0.00
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