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Legion Investment Group Acquires Upper East Side Dev Site For $50.6M

109 & 111 East 79th Street
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This Development Site property located in NY was sold for $50,553,000 almost 5 years ago. The brokers of the deal were Ceasar Salama and Joseph Ash

Legion Investment Group, represented by Victor Sigoura, has acquired a development site on the Upper East Side of New York City. The property, located at 109 & 111 East 79th Street, was sold by Kamran Hakim for a total price of $50,553,000. The site has a buildable square footage of 50,000 and a price per buildable square footage of $1,011. This transaction is part of an assemblage that includes five properties, with a total price of $112,800,000.

Summary of transation details

  • Property Type: Dev Site
  • Transaction Amount: $50,553,000
  • Address: 109 & 111 East 79th Street
  • Market: Upper East Side
  • Buyer: Legion Investment Group - Victor Sigoura
  • Seller: Kamran Hakim
  • Brokers: Ceasar Salama, Joseph Ash - Kassin Sabbagh Realty

The acquisition of this development site was facilitated by Ceasar Salama and Joseph Ash from Kassin Sabbagh Realty. It presents a significant investment opportunity for Legion Investment Group, given its prime location in the Upper East Side. The assemblage of these properties adds further value to the deal, making it a strategic move in the real estate market.

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Deals
  • Location
    109 East 79th Street, New York, NY 10075109 East 79th Street, New York, NY 10075
  • Sale Price
    $50,553,000$50,553,000
    $1,011 PPSF$1,011 PPSF
  • Area
    50,000 SF50,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Joseph Ash

Joseph Ash

Deals10
Sold$271.8M

Agency

Kassin Sabbagh Realty

Kassin Sabbagh Realty

Agency
Deals1091
Volume$7.1B

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Deal Summary

SALE IMAGE: Victor Sigoura, Ceasar Salama, Joseph Ash, Kamran Hakim DATE: 06/11/2019 ADDRESS: 109 & 111 East 79th Street MARKET: Upper East Side ASSET TYPE: Dev Site SELLER: Kamran Hakim BUYER: Legion Investment Group - Victor Sigoura BROKERS: Ceasar Salama, Joseph Ash - Kassin Sabbagh Realty 🔥🔥🔥 SALE PRICE: $50,553,000 BSF: 50,000 ~ PPBSF: $1,011 NOTE: Part of an assemblage including 5 Properties; 109, 111, 113, 115, & 117 East 79th Street. Total price $112,800,000 💪

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109 & 111 East 79th Street

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