Successful Sale of 330 East 63rd Street in Upper East Side, Manhattan
Bob Knakal, along with his team, closed the sale of 330 East 63rd Street, a multifamily elevator building comprising 92 units. The transaction marked another milestone for the seller, Ofer Yardeni of Stonehenge Partners, who entrusted Bob with this significant initiative. The property was purchased by Michael Cohen, a prominent investor in the Manhattan real estate market.
Sale Details
Bob Knakal’s leadership ensured that the sale terms were optimized, resulting in a final price of $58,000,000. This equated to $721.38 per square foot for the 80,402-square-foot building, reflecting the strong demand for high-quality multifamily assets in the Upper East Side.
- Sale Price: $58,000,000
- Seller: Ofer Yardeni, Stonehenge Partners
- Buyer: Michael Cohen
- Seller Type: High Net-Worth Individual (HNW)
- Property Type: Multifamily Elevator Building
- Sale Date: February 10, 2015
- Units: 92
- Price Per SF: $721.38
Property Details
Located at 330 East 63rd Street, this 92-unit multifamily elevator building stands in one of Manhattan’s most desirable neighborhoods. The property offers a blend of luxury and accessibility, appealing to investors seeking stable, long-term value.
- Full Address: 330 East 63rd Street, New York, NY 10065
- Neighborhood: Upper East Side
- Building Size: 80,402 SF
- Units: 92
The Client: A Long-Term Partnership Built on Trust
Stonehenge Partners, led by Ofer Yardeni, had long relied on Bob Knakal for strategic advice and market insights to manage its portfolio of Manhattan properties. When it came time to sell 330 East 63rd Street, the Stonehenge team turned to Bob, confident in his ability to maximize value and deliver results.
Richard Dansereau of Stonehenge Partners highlighted Bob’s consistent professionalism and excellence:
“We have enjoyed a long-term relationship with Bob Knakal for many years. Bob has provided Stonehenge with valuable, strategic advice and market data in order to assist us in making informed and timely decisions relating to our existing portfolio of properties in Manhattan. When it came time for us to sell 330 East 63rd Street, there was simply no one better than Bob Knakal to lead the initiative on our behalf. Bob and his team delivered in every sense, period!”
Neighborhood Overview
The Upper East Side is one of Manhattan’s most sought-after neighborhoods, known for:
- Proximity to Central Park and cultural landmarks like the Metropolitan Museum of Art.
- High-end residential demand, making it a prime location for multifamily investments.
- Robust rental market and enduring appeal to luxury tenants.
Conclusion
The sale of 330 East 63rd Street underscores Bob Knakal’s ability to navigate Manhattan’s competitive real estate market and deliver superior outcomes for his clients. Through his market expertise, strategic guidance, and deep client relationships, Bob continues to set a benchmark for excellence in the industry.
Learn More About New York Real Estate Elevator Buildings
Explore more of our remarkable deals in our exclusive online magazine featuring Upper East Side, Manhattan and surrounding area Elevator Building.
