Sergey Rybak Acquires Development Site In Midtown East For $24M
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This Development Site property located in NY was sold for $24,000,000 over 2 years ago. The brokers of the deal were Damani Strasner and Will Conrad
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- Location656-660 Lexington Avenue, Midtown East, New York, NY, USA
- Sale Price$24,000,000$453 PPSF
- Area52,920 SF
- Asset TypeDevelopment Site
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Will Conrad, Sergey Rybak & Damani Strasner
DATE: 12/06/2021
ADDRESS: 656-660 Lexington Avenue
MARKET: Midtown East
ASSET TYPE: Development Site 🏗
BUYER: @RybakDev - Sergey Rybak
SELLER: The Biagi Family
BROKERS: Will Conrad (@WTConrad) & Damani Strasner - Cushman & Wakefield (@CushWake)
SALE PRICE: $24,000,000
BSF: 52,920 ~ PPBSF: $453
NOTE FROM @CushWake: Will Conrad brought 656 Lexington to market in May of this year, just as New York City's rental market was entering a massive resurgence. The purchaser outbid numerous qualified developers, & a hard contract was signed 30 days later. Please contact us for similar development sites or with any questions:
👤Will Conrad
📧 [email protected]
📱 646-660-1784.
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656-660 Lexington Avenue
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