The Real Deal New York

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

Extell snags two more UES buildings
By Mary Diduch | January 22, 2019 11:30AM

1639-1641 First Avenue (Credit: Google Maps)

Manhattan trades comprised recent mid-market New York City investment sales, according to filings recorded last week with New York City’s Department of Finance.

1.) Extell Development Company picked up two four-story apartment buildings on the Upper East Side for a total of $14.85 million. The seller of 1639 and 1641 First Avenue, between 85th and 86th Streets, was the estate of William Purdy. In April the developer picked up 1637 First Avenue for $16 million. The properties are north of another assemblage that Extell has been cobbling together for the past decade.

2.) An entity listed as Frontier Fourth Development LP bought a six-story apartment building at 332 East 4th Street in the East Village for $14 million. The deed lists the seller as 332 East 4th St. Associates L.P., with Sant Batmaz as general partner.