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Key Points
Sterling Bay sold two parcels near the Lincoln Yards megaproject site for $15.5 million to an affiliate of Jack Carter Automotive Group.
The properties, located at 1642 North Besly Court and 1400 West North Avenue, were acquired by Sterling Bay in 2017 and 2018 for a combined $13.8 million.
This sale is part of Sterling Bay's continued retreat from its land holdings tied to the ill-fated $6 billion Lincoln Yards development.