The Real Deal New York

Here’s what the $10M-$20M NYC investment sales market looked like last week

January 27, 2015 09:00AM
By Kyna Doles

From left: Scott R. Reisinger, Head of School

From left: 9 East 75th Street, 11 East 89th Street and Scott R. Reisinger, head of the Trevor Day School

1.) An 18-unit rental building at 9 East 75th Street, located within the Upper East Side Historic District, sold for nearly $17.9 million. Irvin Realty Group Inc. picked up the 6-story building from Sealong Realty Corporation. The 13,176-square-foot residential is adjacent to the three buildings at 11-15 East 75th Street that Russian billionaire Roman Abramovich recently purchased and plans to turn into a mega-mansion.

2.) The Park Avenue Synagogue bought a private school at 11 East 89th Street for $17.7 million. The property was owned by the Trevor Day School and sold below the original asking price of $22.5 million. The building was on the market for more than two-and-a-half years. The six-story school boasts 13,492 square feet of space and was home to the church’s early childhood program.

3.) In NoMad, a mid-rise residential building at 28 West 26th Street sold for $13.4 million. The 32-unit apartment covers 14,217 square feet and can be developed up to 24,690 square feet. No permits have been filed yet for enlargement. First American Exchange Company purchased the property from a seller listed as Benchmark 28 LLC, which paid $6.2 million for it in 2010.

4.) A pair of adjacent apartment buildings at 312 and 314 East 91st Street sold for a $13.3 million. Caryl York Realty Corp purchased the 5-story walk-ups, which include 30 units and 17,920 square feet of space. Maverick Properties LLC sold the pair of Upper East Side residential buildings.

(Source: ACRIS data for closed sales between 1/19 to 1/25, PropertyShark data)

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