Weybourne Holdings Acquires Versace-Lessee Retail Cooperative Units In Lenox Hill Manhattan

James Dyson's Weybourne Holdings has acquired three retail cooperative units valued at $135 million at 747 Madison Avenue in Lenox Hill, Manhattan. The retail location spans around 11,000 square feet and is leased to Versace, situated at the base of a 63-unit co-op building with an address of 30 East 65th Street. The sale price per square foot was approximately $12,273.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $135,000,000
• Address: 30 East 65th Street & 747 Madison Avenue, Lenox Hill, Manhattan
• Market: Lenox Hill, Manhattan
• Square Footage: 11,000
• Buyer: Weybourne Holdings - James Dyson
• Seller: Wharton Properties - Jeff Sutton & Reuben Brothers

Weybourne Holdings, led by James Dyson, completed the acquisition of three retail cooperative units at 747 Madison Avenue in Lenox Hill, Manhattan. The retail space, which is leased to Versace, is located at the base of a 63-unit co-op building. Wharton Properties, represented by Jeff Sutton and the Reuben Brothers, acted as the seller in the transaction.