Successful Sale of 30 East 68th Street in Upper East Side Manhattan
Bob Knakal and his team successfully facilitated the sale of 30 East 68th Street, a multifamily elevator building with mixed-use potential, in Manhattan's prestigious Upper East Side, achieving a sale price of $58,000,000. The deal marks a significant milestone for the seller, Richard Parkoff of the Parkoff Organization, a high-net-worth individual (HNWI) with a deep portfolio of properties.
Sale Details
The final sale price of $58 million reflects Bob’s ability to deliver optimal results for his clients. The transaction closed on August 14, 2019, following a well-executed strategy to navigate the market conditions.
- Sale Price: $58,000,000
- Seller: Richard Parkoff, Parkoff Organization
- Buyer: Churchill Real Estate
- Seller Type: High-Net-Worth Individual (HNWI)
- Property Type: Multifamily - Elevator, Mixed-Use
- Sale Date: August 14, 2019
Property Details
30 East 68th Street is located in the vibrant Upper East Side, known for its attractive residential and commercial spaces. The property spans a 3,840-square-foot lot with a 12-story building offering 41,371 square feet of space across 33 units. The sale price of $58 million equates to a price per square foot of $1,401.95, reflecting the property's value in one of Manhattan's most sought-after neighborhoods.
- Full Address: 30 East 68th Street, New York, NY 10065
- Zoning: Multifamily, Mixed-Use
- Property Type: Multifamily Elevator, Mixed-Use
- Lot Size: 3,840 SF
- Building Stories: 12
- Total SF: 41,371
- Units: 33
- Price per SF: $1,401.95
The Client: A High-Net-Worth Individual Seeking Strategic Real Estate Guidance
Richard Parkoff, representing the Parkoff Organization, has a long-standing relationship with Bob Knakal. Bob's consistent market updates and detailed neighborhood insights allowed Richard to make informed decisions. When the time came to sell 30 East 68th Street, Bob was the natural choice for navigating the sale. His strategy helped Parkoff secure a strong sale price in a competitive market.
Neighborhood Overview
The Upper East Side remains one of Manhattan's most desirable areas, known for its upscale residences, proximity to Central Park, and high-end retail offerings. This neighborhood continues to attract significant interest for multifamily and mixed-use developments, making it a prime location for real estate investment.
Conclusion
The sale of 30 East 68th Street reflects Bob Knakal’s ability to secure outstanding results for clients in competitive real estate markets. His relationship with Richard Parkoff, coupled with his in-depth market knowledge, ensured that the transaction was a success, achieving an impressive price and favorable terms.
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