The Real Deal New York

Carrie Chiang lists her own $16.5M multifamily townhouse

Top broker was leasing the UES property’s units starting at $2,500 a month

September 06, 2013 02:05PM
By Hayley Kaplan

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40 East 75th Street

40 East 75th Street

Top Manhattan broker Carrie Chiang appears to be switching up her side gig as a landlord. The Corcoran Group broker has listed an Upper East Side multi-family townhouse, which she has been renting out for the past seven years, for $16.9 million, StreetEasy shows.

Chiang is listing the nine-unit, 7,623-square-foot building at 40 East 75th Street between Park and Madison avenues with her colleagues Richard Phan and Spencer Ting, asking $2,161 per square foot. The building last traded hands for $5.27 million in 2004, city property records show.

Chiang told The Real Deal that the property was an investment as well as an income-producing building, but she wants to buy another property instead.

“If I get my price, I’ll sell it,” she said in a brief interview.

A holding company called MRE Holding Corporation, which operates as Transmarketing, currently owns the property. Chiang operates the management office at the company’s Park Avenue South headquarters and, according to PropertyShark records, was listed as the building’s head officer and emergency contact as of August 2012.

The East 75th Street building dates back to 1881, when architecture firm Thom & Wilson constructed it as part of a series of row houses on the block. The six-story building consists of six studios, two one-bedroom apartments and one two-bedroom duplex, the listing says.

The property is currently vacant. However, Chiang had been renting out the units for some time. From 2006 to 2013, asking rents ranged from $2,500 per month for a furnished studio to $16,000 for the entire building, StreetEasy shows.

Chiang is no stranger to being a landlord. Last year, she put her own brownstone at 238 West 74th Street on the rental market for $35,000 a month, as The Real Deal previously reported.

  • donationguru

    If she gets her price she will sell it…Whereas for other owners with her acting as broker, she will say its a good price, you should take it, even though its not that good of an offer…for ease of depositing her commission check

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