Amberjack Realty Capital LLC buys $10M stake in 1071 Sixth Avenue

Amberjack Realty Capital LLC paid Gloria Shustek Barber and Dawn Barber’s Trust U/W/O Helen M. Kaskel $10.1 million for 1 parcel, including the tax class office bank building designed exclusively for banking (O6) at 1071 Avenue Of The Americas facing Bryant Park. The deal closed on August 13, 2019 and was recorded on August 19, 2019. The parcel(s) have total development potential of 174,028 square feet.
The average sale price per square foot is $58.

Amberjack Realty acquired an 8 percent stake in the building.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 10, 2014.
Over the past five years, there have been 19 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $20,000. There were 18 renovation/alteration projects (A2) applied for with a total estimated value of $6,001,920.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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