Midtown Developers Acquires Mixed-use Property In Murray Hill For $20.05M

The mixed-use property located at 567, 579 & 571 3rd Ave. in Murray Hill has been sold for a total price of $20,050,000. The property spans across 22,000 square feet, resulting in a price per square foot of $911.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $20,050,000
• Address: 567, 579 & 571 3rd Ave., Murray Hill
• Market: Murray Hill
• Buyer: Midtown Developers
• Seller: Cypress Management
• Square Footage: 22,000
• Price per Square Foot: $911

Midtown Developers acted as the buyer in this transaction, while Cypress Management served as the seller. This deal marks a successful collaboration between both parties, demonstrating their commitment to the property's sale.