Moin Development | Robert Khodadadian | 1055 Second Avenue NYC

Moin Development to buy Sutton Place rentals for $19M

David Moinian, CEO of Moin Development Corp, is in contract to acquire a four-story building with 50,000 buildable square feet in the Midtown thoroughfare of Sutton Place for $19 million,The Real Deal has learned.

Skyline Properties head Robert Khodadadian, who represented Moin, confirmed the property is in contract and set to close within three months. The per-square-foot closing price is slated to be $380.