Karl Sudakoff sells in Penn Plaza building for $30M

UPDATED Dec. 23, 2019, 5:00 a.m.: The entity FO 427 Seventh Avenue LLC paid Karl Sudakoff’s DK China LLC $30 million for 427 7th Avenue in Penn Plaza. The deal closed on December 10, 2019, and was recorded on December 19, 2019. The buying entity had a care of address at the Oved Group. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 4,373 square feet. The parcel(s) have total development potential of 11,795 square feet.
The average sale price per square foot is $2,543.

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Clarification: The buying entity had a care of address at the Oved Group.