Legion Investment Group Acquires Development Site In Upper East Side For $133M

The development site at 109 East 79th St. in the Upper East Side has been sold in a closed property transaction. The property, with a total square footage of 145,000, was acquired by an undisclosed buyer. The transaction was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz. ACORE Capital provided a loan amount of $133,000,000 for the purchase.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $133,000,000
• Address: 109 East 79th St.
• Market: Upper East Side
• Lender: ACORE Capital
• Broker: Aaron Appel, Keith Kurland, Jonathan Schwartz & Adam Schwartz

This deal was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz. The buyer, who remains undisclosed, was represented by their broker representatives. The loan for the transaction was provided by ACORE Capital. Legion Investment Group, led by Victor Sigoura, acted as the landlord in the deal.