Sergey Rybak Of Rybak Development Acquires Special Purpose Property In Lenox Hill For $9.7M

The property asset involved in the transaction is located at 248 East 62nd Street in Lenox Hill, Manhattan. It is categorized as a Special Purpose asset with a sale price of $9,700,000. The building has a total building square footage (BSF) of 34,140, resulting in a price per building square foot (PPBSF) of $284. The property also offers a total square footage (SF) of 7,178, with a price per square foot (PPSF) of $1,351.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $9,700,000
• Buyer: Sergey Rybak - Rybak Development
• Seller: Catholic Near East Welfare Association
• BSF: 34,140
• PPBSF: $284
• SF: 7,178
• PPSF: $1,351

Sergey Rybak of Rybak Development represents the buyer in this transaction, acquiring the property from the Catholic Near East Welfare Association. The deal includes plans for ground-up development of the site.