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Torkian Buys Midtown South Development Site for $30M

Parcel Currently Occupied by Eight-Story Parking Garage; Redevelopment a Strong Possibility
By Wura Adeoye
May 29, 2007 | 3:28 P.M.

Hersel Torkian's ABH Realty Corp. has acquired a 98,750-square-foot buildable development site at 38-46 W. 33rd St. from ICON Parking for $30 million, or about $304 per buildable square foot. The property currently houses an eight-story parking garage for 325 vehicles.

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