High-Value Office Property at 33 East 67th Street NYC, Upper East Side Historic District, Sells for $13,000,000

Successful Sale of 33 East 67th Street, Upper East Side, Manhattan

Bob Knakal and his team successfully closed the sale of 33 East 67th Street, a prime office property on the Upper East Side, for $13,000,000. This marked the second time Bob facilitated the sale of the property, with the foreign government buyer representing a unique acquisition opportunity.

The sale came to fruition after consistent efforts from Bob’s team, who negotiated a favorable price and terms for the seller, Camille Chebeir of Highpoint Realty Inc., a high-net-worth individual.

Office Building Sales - For the complete list click here Office Buildings

Sale Details

The sale of 33 East 67th Street closed on January 26, 2001, with an exceptional sale price of $13,000,000. Bob Knakal’s in-depth market knowledge and strategic negotiations resulted in a price per square foot of $886.65 for the 14,662 square-foot office building. The building, located in the prestigious Upper East Side neighborhood, has attracted significant interest over time, particularly from investors looking to acquire high-value real estate.

Sale Price: $13,000,000
Property Type: Office, User
Property Address: 33 East 67th Street, New York, NY 10065
Sale Date: January 26, 2001
Building Size: 14,662 SF
Price Per SF: $886.65

Property Details

33 East 67th Street is a distinctive office building located in the highly sought-after Upper East Side of Manhattan. The property features:

A prime 14,662 square-foot space
Located in one of Manhattan’s most exclusive neighborhoods
Ideal for user-driven investment with significant commercial potential
The building's appeal is strengthened by its well-positioned location in the Upper East Side, known for its luxury residential areas and high-profile businesses.

Client Background

Camille Chebeir, representing Highpoint Realty Inc., sought Bob Knakal’s expertise for the sale of this prestigious office property. As a high-net-worth individual, Camille needed a seasoned advisor who could navigate the complexities of selling a high-value real estate asset. Bob’s reputation for building long-term relationships with clients and his unparalleled market knowledge made him the ideal choice for this deal.

Market Strategy and Leverage

Bob’s strategy for selling 33 East 67th Street involved leveraging market trends to attract serious investors and foreign buyers. His expert approach to understanding the buyer’s needs, combined with the growing interest in the Upper East Side, created the perfect environment for a successful sale.

Bob’s proactive outreach and strategic negotiations allowed him to secure a favorable deal for the seller, ensuring a strong return on investment for the property owner.

Neighborhood Overview

Upper East Side: Renowned for its affluence and exclusivity, attracting both high-end residential and commercial developments.
Proximity to Central Park: One of Manhattan’s most iconic green spaces, providing an exceptional quality of life.
Prestigious Area: Home to luxury retail, renowned dining, and significant cultural landmarks.
High Demand for Office Properties: The area continues to attract high-profile companies and foreign investment due to its prime location.

Conclusion

The sale of 33 East 67th Street exemplifies Bob Knakal’s ability to leverage his expertise and strong market connections to maximize the value for his clients. By staying attuned to market trends and maintaining proactive communication, Bob secured the best possible price for this exceptional property in one of Manhattan's most prestigious neighborhoods.