Posted Jun 2, 2014, 6:07 PM
|
 |
NYC/NJ/Miami-Dade
|
|
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,796
|
|
Kushner Cousin Sells NoMad Lot For Record-Setting $99M
Quote:
|
Not many can say they set into motion one of the city's most expensive residential transactions to date over a relaxing cup of morning coffee, but according to a press release, it's true for Jared Kushner's cousin Jonathan Kushner of KRE. KRE, along with development partner Ironstate, have agreed to sell a parcel of three NoMad lots at 281 Fifth Avenue to Jersey home developer Victor Homes for the outlandish sum of $99 million, or $750 per buildable square foot. The Journal refers to the sale that closed on Friday as "one of the highest rates paid for a residential site in Manhattan." Prior to the sale, the development firms had planned a 40-story, 132,000-square-foot ultra-luxury tower at the 30th Street and Fifth Avenue corner. Victor Homes, who last year completed a luxury high-rise at nearby 241 Fifth Avenue, is likely to follow up with similar plans.
|
=======================================
Monday, June 2, 2014
http://ny.curbed.com/archives/2014/0...etting_99m.php
|