Office Building at 39-41 East 62nd Street, Upper East Side, Manhattan Sold for $4,500,000

Successful Sale of 39-41 East 62nd Street, Upper East Side, Manhattan

Bob Knakal successfully closed the sale of 39-41 East 62nd Street, a prime office building in the sought-after Upper East Side of Manhattan. The sale price was $4,500,000, reflecting the value of the 5,712 square feet of office space in a prestigious neighborhood.

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

Sale Details

Bob’s strategic approach to marketing this office property resulted in a highly competitive sale, capturing the attention of buyers looking for a valuable asset in one of Manhattan’s most desirable areas. The final sale price represented the strong demand for office space in this prime location.

• Sale Price: $4,500,000
• Property Type: Office
• Sale Date: March 7, 1995
• Building Size: 5,712 SF
• Price per SF: $787.82

Property Details

The property at 39-41 East 62nd Street is located in the heart of Manhattan’s Upper East Side, a prestigious address known for its luxury residences and proximity to high-end retail and cultural institutions. The office building offers 5,712 square feet of flexible office space, perfect for tenants seeking a central location in Manhattan.

• Full Address: 39-41 East 62nd Street, New York, NY 10065
• Property Type: Office
• Building Size: 5,712 SF

Market Strategy and Execution

Bob Knakal’s approach focused on highlighting the location’s strength in attracting high-end office tenants. By leveraging the building’s proximity to elite neighborhoods, cultural institutions, and business hubs, Bob was able to create demand and secure a competitive price for the property.

Neighborhood Overview

Upper East Side is known for:

• Proximity to Central Park, offering green space and luxury living.
• Access to luxury shopping and dining, including Madison Avenue and Fifth Avenue.
• Established reputation as one of Manhattan's most prestigious neighborhoods.
• Excellent transportation links, including nearby subway stations and bus routes, facilitating easy access to other parts of Manhattan.
  

Conclusion

The sale of 39-41 East 62nd Street is a testament to Bob Knakal’s expertise in navigating the Manhattan office market. By understanding the dynamics of the Upper East Side and effectively marketing the property, Bob was able to secure an optimal outcome for the seller.

Learn More About New York Real Estate

Explore our exclusive online magazine to discover remarkable New York real estate deals and Success Stories from the city and surrounding areas.