Demie Sabanci & Derek Gilchrist Acquire Retail Space At 49 West 57th Street For $18.5M

The retail property located at 49 West 57th Street, Midtown, Manhattan has been sold for $18,500,000. The asset covers a total square footage of 24,175, resulting in a price per square foot of $765.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,500,000
• Address: 49 West 57th Street
• Market: Midtown, Manhattan
• Square Footage: 24,175
• Price per Square Foot: $765
• Buyer: Demie Sabanci & Derek Gilchrist
• Seller: Steven Roth - Vornado Realty & Richard Lefrak - Lefrak Org
• Broker: Josh Augenbaum - Augenbaum Realty

The involved parties include buyers Demie Sabanci and Derek Gilchrist, who obtained the property from sellers Steven Roth of Vornado Realty and Richard Lefrak of Lefrak Org. The brokerage representation for this transaction was provided by Josh Augenbaum from Augenbaum Realty. Note from broker: please reach out to Josh Augenbaum at [email protected] for information regarding short term lease for this spectacular space.