United States of America
Jun 23 2017Add to Favorites
Alex and Steven Forkosh’s Forkosh Development Group is putting its newly developed 23-story Murray Hill rental building on the market for $118 million, sources told The Real Deal.
The Forkoshes opened the 105-unit, 128,000-square-foot property at 237 East 34th Street in March.
Rents range from $3,000 for a one-bedroom to $7,000 for a three-bedroom. The property, near Second Avenue, also has a ground-floor commercial space that has not yet been leased.
The developers hired Arber Haxhaj of Ahead Quarters to market the property, known as the Theater House, as either a hold or an eventual conversion to condominiums.
If the deal were to close at $118 million, the price per square foot would come out to roughly $920 per square foot.
The firm bought the site, which previously housed a Yeshiva University lecture hall, from the school for $15.5 million in 2012. The Forkoshes initially considered constructing a dormitory on the lot, but then filed plans for rental apartments in 2014.
Elsewhere in the neighborhood, the LeFrak Organization recently closed on the $118 million purchase of the 37-story, 252-key Affinia-branded Dumont hotel at 150 East 34th Street, where it is planning a residential conversion.
SOURCE: The Real Deal
Entering the display suite of Aqualand's Blue, the vista is nothing short of spectacular. With expansive 180-degree uninterrupted views of the pristine Sydney harbour, sunlight glittering atop the vivid blue waters, like a vibrant Brett Whitely come to life. The CBD Skyline and iconic harbour bridge expanding in all directions, giving a sense of awe and exhilaration, you feel like you can see everything that matters in Sydney, life unfolding, all at the same time, with you somehow in control of the unfolding, the view is breathtaking.
One Park Drive, Canary Wharf Group?s landmark residential development, has successfully sold out of its largest available apartments.
United Kingdom / London
At MP Funds Management, we are constantly searching for the opportunity to extract as much value out of the market as possible with as little risk as possible.
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >