Deal sheet    Single Deal
1307 Fifth Avenue|Sales|04/22/2007
  • Event Sales
  • Address 1307 Fifth Avenue
  • Price $ 940,000,000
  • Price per foot $ 235,000.00
  • Borough Manhattan
  • Neighborhood East Harlem
  • Publication Date 06/01/2007
  • Deal Date 04/22/2007
  • Party 1 MPL LLC
  • Party 2 Urban American Management, City Investment Fund
notes
The former Mitchell-Lama buildings sold for $940 million, or $235,000 per unit, in the second-largest residential portfolio sale in Manhattan to date. The seller, Cammeby's International, is controlled by landlord Ruby Schron. The buildings are located at 3333 Broadway, 455 East 102nd Street, 1940 First Avenue, 1890 Lexington Avenue, 1990 Lexington Avenue and 1307 Fifth Avenue. The deal also included 552 Main Street on Roosevelt Island.
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