Sedesco Acquires Development Site On 41 West 57th Street In Manhattan For $80M
41 West 57th Street
1,000,000 SF
Summary
The development site located at 41 West 57th Street in Manhattan, New York, has been sold for a transaction price of $80 million. The property spans approximately 100,000 square feet (BSF) with a price per buildable square foot (PPBSF) of $800. The seller, Asuman Polat, successfully closed the deal with the buyer, Sedesco – Demir Sabanci. The transaction was facilitated by broker Josh Augenbaum from Augenbaum Realty Corp.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $80 million
- Address: 41 West 57th Street, Manhattan, New York
- Market: Manhattan, New York
- Buildable Square Footage (BSF): 100,000
- Price per Buildable Square Foot (PPBSF): $800
- Seller: Asuman Polat
- Buyer: Sedesco – Demir Sabanci
- Broker: Josh Augenbaum – Augenbaum Realty Corp.
This notable transaction involved key individuals and companies such as Asuman Polat, the seller, and Sedesco – Demir Sabanci, the buyer. The successful completion of the deal was made possible with the assistance of broker Josh Augenbaum from Augenbaum Realty Corp.
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