David Levy Acquires Mixed-use Property On Avenue Of The Amer In Theatre District-Times Square, Manhattan For $4.9M

A mixed-use property located at 1071 Avenue Of The Amer in the Theatre District-Times Square neighborhood of Manhattan has been sold in a closed transaction. The property is zoned as C5-3, MiD, and has a lot size of 12,343 square feet. The last recorded sale of the property was on January 7, 2022, for a price of $15,300,000. The recent sale took place on January 14, 2022, with a sale price of $4,945,455.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,945,455

The buyer of the property is David Levy, while the seller is Mark S. Thompson. The property has a building square footage of 174,036 and a price per square foot of $28. The building's total square footage is 185,145, and the price per buildable square foot is $26. The property has a floor area ratio (FAR) of 14.10 and belongs to tax class 4.

Permits for alterations were issued on July 28, 2021. The lot dimensions are 98.75 feet by 125 feet.