Ostrov Realty Group paid $15M to Michael Markman

Ostrov Realty Group through the entity 49W64 LLC paid Michael Markman’s Bt 64Th Street, LLC $14.5 million for 2 parcels, including the tax class commercial condominium unit (R5) at 43 West 64 Street, 43 West 64 Street in Lincoln Square. The deal closed on July 24, 2019 and was recorded on August 01, 2019. The parcel(s) have total development potential of 11,888 square feet.
The average sale price per square foot is $1,220.
The estimated cap rate is 6.3%
The last time the property sold was April 30, 2004, for $7,211,750.

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