Rybak Development Acquires Retail Building At 218 Madison Avenue In Grand Central, Manhattan For $12M

Rybak Development's entity, 218 Madison Avenue Development LLC, acquired the retail building (O5) at 218 Madison Avenue in Grand Central, Manhattan, from Sapir Organization's entity, Asrr Suzer 218 LLC, for $12 million. The property is located in the Grand Central market of Manhattan and has a total square footage of 11,362. The price per square foot for this transaction was $1,056. The building's BSF is 35,200, resulting in a price per BSF of $341.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $12,000,000
• Address: 218 Madison Avenue, Grand Central, Manhattan
• Buyer: Sergey Rybak - Rybak Development
• Seller: Sharon Raz - Sapir Organization
• SF: 11,362
• PPSF: $1,056
• BSF: 35,200
• PPBSF: $341

Rybak Development, represented by Sergey Rybak - Rybak Development, completed the acquisition of the retail building from Sapir Organization, represented by Sharon Raz - Sapir Organization. This transaction occurred on 12/14/2023.