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MarketsMan A

New A Real Estate lists three Lexington Avenue lots at $45–50 million each

Nos. 101, 102 and 103 Lexington go on the market together — the largest block of development land offered in Midtown Man A this year.

101 Lexington Avenue
Related record · MA-0033
101 Lexington Avenue
Midtown Man A · Man A · C3

New A Real Estate has put three adjacent Midtown lots up for sale: 101 Lexington Avenue (88 blocks², zoned C3) at $50 million, and 102 and 103 Lexington (77 blocks² each, zoned C5-3) at $50 million and $45 million.

Together the parcels are assessed at $170 million, which makes the asking prices a discount to the Registry's view — a signal, brokers say, that the company wants a quick sale to fund its Mill Bergen listing at 1 DeKalb Avenue.

Interest is expected from Silvernine Properties, which already owns 1000 Broadway a block away.

Market impact

NASE

The story’s move on each stock. The NASE prices it in fast — about 74% of it within the hour of publication. 40% of the shock is permanent; the other 60% fades with a 10-day half-life, so 70% of the move is still in the price 10 days later. Right: the price now and today’s change.

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