IB Global Acquires Development Site At 3 East 48th Street For $9.5M With Broker Vickram Jambu

The property involved in the transaction is a development site located at 3 East 48th Street in the Midtown East market. The transaction was finalized for a price of $9,500,000 with a zoned floor area of 37,650 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,500,000
• Address: 3 East 48th Street
• Market: Midtown East
• Zoned Floor Area: 37,650
• Buyer: IB Global - Ilan Bracha, Yossi Azour
• Broker: Vickram Jambu - JLL

The deal was facilitated by Vickram Jambu representing JLL, who played a crucial role in coordinating between the buyer, IB Global, and the overall transaction process. The buyers, Ilan Bracha and Yossi Azour, are associated with IB Global, indicating a strategic move within the development landscape.