387-397 King St E and 6 Madison Ave | 2 & 8 fl | U/C

[ZEBuilder]

Is that for their 0.5 acre property (in blue below)only? $13M/acre seems fairly expensive at this location.

Interestingly, someone has assembled the surrounding properties (in red), about 1.15 acres, as well.

1.1 acres sold at Church and Benton for 12.1 million dollars to JD Development in 2021, the Ziggys property sold for 17.5 million to Vanmar in 2022 and it is significantly less than an acre, everything between 1 Vic and Francis Green is only around 0.7 acres which means about 25 million an acre, so it surely seems that 13 million an acre is not out of question.