SL Green to Buy Times Square Property for $41.1 Million

New York – The property can be seen looking north from the center of Times Square, as well as south down Seventh Avenue from 52nd Street.

New York – SL Green Realty Corp. has entered into an agreement to buy 719 Seventh Avenue for $41.1 million. The property is located on the southeast corner of 48th Street and Seventh Avenue in New York. This location can be seen looking north from the center of Times Square, as well as south from 52nd Street down Seventh Avenue. The site can accommodate a building up to 28,114 square feet. SL Green will demolish the building to take advantage of the development rights. According to PropertyShark, the current owners of 719 Seventh Avenue are Kenneth Rothstein of Denver and Jeffrey Rothstein of Scarsdale, N.Y. 

— Scott Reid

 

 

 

 

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