Office Building at 215-219 East 58th Street Sold in Upper East Side for $7,900,000

Successful Sale of 215-219 East 58th Street in Manhattan’s Upper East Side

Bob Knakal and his team successfully closed the sale of 215-219 East 58th Street, a well-located office building in the Upper East Side. The sale price of $7,900,000 marked a key transaction in the neighborhood, reflecting strong demand for commercial properties in this prime corridor.

The property, a seven-unit, 30,000-square-foot office building, was strategically positioned near high-end design showrooms, luxury retailers, and corporate offices. With Bob Knakal’s market expertise and direct outreach, the seller was able to achieve favorable terms, ensuring a smooth and successful transaction.

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Sale Details

Located in a highly sought-after section of the Upper East Side, 215-219 East 58th Street attracted strong interest from investors looking for well-positioned office assets. The final sale price of $7.9 million equated to approximately $263 per square foot, reflecting the property’s value in a competitive market.

Sale Price: $7,900,000
Property Type: Office Building
Sale Date: February 21, 1986
Square Footage: 30,000 SF
Price per SF: $263.33
Number of Units: 7
Stories: Multi-story office property

Property Details

215-219 East 58th Street featured a well-maintained office layout, catering to a mix of tenants. Its location within the Upper East Side’s design district made it a valuable asset, attracting interest from firms seeking a prime office location near Midtown.

The property sat in a neighborhood known for its boutique office spaces and proximity to some of Manhattan’s most prestigious commercial hubs. Its strong tenant base and flexible office layouts made it a standout investment in the area.

Full Address: 215-219 East 58th Street, New York, NY 10022
Neighborhood: Upper East Side
Building Type: Office Building
Total SF: 30,000 SF
Zoning: Commercial

Strategic Market Approach

Bob Knakal’s deep knowledge of the Manhattan office market played a crucial role in securing the right buyer for 215-219 East 58th Street. His strategy focused on:

Engaging with active office investors in Manhattan.
Showcasing the property’s strategic location near luxury retail and corporate offices.
Highlighting the long-term value of office ownership in the Upper East Side.

This tailored approach helped generate strong interest, leading to a competitive sale process and a successful outcome.

Neighborhood Overview

The Upper East Side remains one of Manhattan’s most established commercial and residential neighborhoods, offering:

Prime Office and Retail Corridors – Surrounded by luxury retail, showrooms, and corporate offices.
Proximity to Midtown Manhattan – A short distance from key business districts and transportation hubs.
Strong Investment Demand – A highly desirable area for long-term commercial property holdings.

Conclusion

The sale of 215-219 East 58th Street underscores Bob Knakal’s expertise in maximizing value for property owners in Manhattan’s office market. By leveraging strategic outreach and deep market insights, Bob was able to secure an optimal outcome for the seller.

Testimonial

"Bob Knakal knows the market like the back of his hand. He is hard-working and tenaciously pursued us to get this listing. We assumed he would work even harder to find a buyer, and he did. We are extremely pleased with the job Bob Knakal did for us. He always put our interests ahead of his own and worked around the clock to find the perfect buyer for us."
— John Tinari, Otic Enterprises