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Suzer Group and ASRR Buy Madison Avenue Townhouse for $18.5M

ImageAlex Sapir and Rotem Rosen?s Israeli public company, ASRR Capital, along with Suzer Group, the Turkish conglomerate led by the Suzer family, bought a large townhouse at 218 Madison Ave. that will be demolished for a 10-story luxury property. The venture paid $18.5 million for the site at the corner of E. 36th St., according to a report in the Israeli media. The plan of the venture is to develop 10 high-end, full-floor apartments, private underground parking, and a gym and spa for residents along with retail and a restaurant led by an important chef, sources said
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