Charles Blaichman’s CB Developers is in contract to acquire three adjacent five-story buildings for $25.2 million, or $420 per square foot, The Real Deal has learned. A Chinese nonprofit family trusts known, as the J. T. Tai & Company Foundation has owned the site for more than 30 years, property records show.
Skyline Properties head Robert Khodadadian, who represented both the buyer and the seller, declined to comment. The foundation is also in contract to sell a Sutton Place development site at 1055-1057 Second Avenue for $19 million which Khodadadian was the broker as well. Click HERE to read more.