Friday, 24 May 2019

Brazil’s Safra family now owns all of two Madison Avenue buildings — for $95M

The Safra family has taken on full ownership of two mixed-used properties on Madison Avenue for a combined price of roughly $95.3 million from entities tied to Ralph Sitt’s Status Capital. Through two limited liability companies, the family paid about $75.7 million to own 711 Madison Avenue, according to property records filed Thursday with the city’s Department of Finance. Luxury fashion retailer Roberto Cavalli once took up the ground floor at the five-story 711 Madison, […]



source https://therealdeal.com/2019/05/24/brazils-safra-family-now-owns-all-of-two-madison-avenue-buildings-for-95m/

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