Multifamily Walk-Up Building at 206 East 75th Street in Upper East Side Sells for $2.33M

Successful Sale of 206 East 75th Street in Upper East Side, Manhattan

Bob Knakal and his team successfully closed the sale of 206 East 75th Street, a multifamily walk-up building in the sought-after Upper East Side of Manhattan. The property, owned by Lynn, Gartner, Dunne, and Covello, a high-net-worth individual, sold for $2,325,000 on June 19, 2012. With 4,320 square feet spread across 5 units, the sale marked a successful transaction for the seller, who received expert guidance from Bob to navigate the market and achieve a strong price.

Walk-Up Building Sales - For the complete list click here Walk Up Buildings

Sale Details

The sale of 206 East 75th Street attracted significant attention due to its prime location and well-maintained walk-up building. The transaction closed at $2,325,000, securing a competitive price of $538.19 per square foot. The terms of the sale were favorable, as Bob’s team efficiently handled the negotiation process, ensuring a smooth transaction.

Sale Price: $2,325,000
Property Address: 206 East 75th Street, Manhattan, NY
Property Type: Multifamily Walk-Up
Units: 5
Building Size: 4,320 SF
Price per SF: $538.19
Sale Date: June 19, 2012

Property Details

206 East 75th Street is a well-maintained walk-up building located in the prestigious Upper East Side. The 5-unit building offers a unique opportunity for residential tenants seeking proximity to cultural attractions and world-class dining in Manhattan. The building’s location made it highly attractive to prospective buyers.

Property Type: Multifamily Walk-Up
Lot: 29/22
Lot Size: Not specified
Building Size: 4,320 SF
Stories: 5

Market Strategy and Leverage

Bob Knakal’s strategic approach involved leveraging his deep market knowledge and relationships with potential buyers to maximize the value of the property. By understanding the unique characteristics of the building and its location, Bob and his team were able to secure an optimal sale price despite the competitive nature of the Upper East Side market.

Neighborhood Overview

The Upper East Side is one of Manhattan’s most iconic neighborhoods, offering a blend of cultural landmarks, fine dining, and access to luxury retail. Key highlights include:

Central Park just blocks away
A high demand for multifamily properties
Popular among high-net-worth individuals
Excellent local schools and cultural institutions
Easily accessible via public transportation

‍Conclusion

The sale of 206 East 75th Street demonstrates Bob Knakal’s ability to expertly navigate the complexities of Manhattan’s multifamily market. Through his diligent efforts and strong relationships with potential buyers, Bob achieved a successful outcome, ensuring that the seller received the best price and terms possible.