Investors Assemble Development Site At 989-993 Sixth Avenue, Midtown

993 Sixth AvenuePost-demolition 993 Sixth Avenue

Isaac Chetrit and Ray Yadidi are in contract to acquire 235,000 square feet of air rights from the five-story former bank building at 1352-1362 Broadway, between West 36th and 37th Streets in Midtown. The price the investors are paying has not yet been disclosed. On the same block, they own the vacant lot – acquired this past fall – at 993 Sixth Avenue and the adjacent 21-story, 96,000 square-foot office building at 989-991 Sixth Avenue. Their assemblage amounts to a site with roughly 375,000 square feet of development rights, according to The Real Deal.

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TFC Horizon
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1 Comment on "Investors Assemble Development Site At 989-993 Sixth Avenue, Midtown"

  1. Construction has already started on this corner with about five stories above ground.

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