A four-story commercial building with plans in place for a new condo at 241 Fifth Avenue, located just north of Madison Square Park, recently sold for $26.5 million, according to public records. Seller Avraham Sibony put the site on the market last summer, shortly after plans for a 19-story, 70,000-square-foot tower designed by Perkins Eastman were approved by the Landmarks Preservation Commission. Sibony bought the property for $10.85 million in 2005, and later secured air rights from an adjacent building. The buyer, 241 Fifth Ave. Hotel LLC, could not be reached for comment. TRD
Fifth Ave. condo site fetches $26.5M
August 06, 2007 12:00AM
