244 E58 LLC paid $9M to RICHARD J. CARON FOUNDATION

244 E58 LLC paid RICHARD J. CARON FOUNDATION $8.5 million for 1 parcel, including the tax class miscellaneous office building (O9) at 244 East 58 Street in Midtown East. The deal closed on June 28, 2019 and was recorded on July 12, 2019. The parcel(s) have total development potential of 11,000 square feet.
The average sale price per buildable square foot is $773.
The estimated cap rate is 3.7%

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Direct link to the city’s interactive property map, ZOLA. link

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