Successful Sale of 35-37 East 62nd Street in Upper East Side, Manhattan
Bob Knakal successfully brokered the sale of 35-37 East 62nd Street, a school building located in Manhattan's Upper East Side. The property was sold by The Fleming School to MacAndrews & Forbes for $8,900,000. Bob's strategic approach ensured a smooth transaction between the educational institution and the corporate buyer.
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Sale Details
The property at 35-37 East 62nd Street was sold for $8.9 million. Bob Knakal's expertise facilitated favorable terms for both parties, leading to a successful sale.
- Sale Price: $8,900,000
- Seller: The Fleming School
- Buyer: MacAndrews & Forbes
- Property Type: School Building
- Sale Date: December 14, 1989
Property Details
Located in the prestigious Upper East Side, 35-37 East 62nd Street was utilized as a school building by The Fleming School. The property's prime location and potential for various uses made it an attractive acquisition for MacAndrews & Forbes.
- Full Address: 35-37 East 62nd Street, New York, NY 10065
- Neighborhood: Upper East Side
- Property Type: School Building
- Sale Price: $8,900,000
The Client: The Fleming School
The Fleming School, an educational institution, owned the property at 35-37 East 62nd Street. Seeking to divest the asset, they enlisted Bob Knakal's expertise to navigate the sale process. Bob's market knowledge and strategic negotiation skills were instrumental in achieving a favorable outcome for the school.
Market Strategy and Negotiation
Bob Knakal employed a targeted marketing strategy to identify potential buyers interested in the unique characteristics of the property. His approach ensured that the property was presented to qualified prospects, leading to a successful transaction with MacAndrews & Forbes.
Neighborhood Overview
The Upper East Side is renowned for its:
- Historic architecture
- Cultural institutions
- Upscale residential and commercial properties
The sale of 35-37 East 62nd Street highlights the neighborhood's appeal and the strong demand for well-located properties.
Conclusion
The successful sale of 35-37 East 62nd Street underscores Bob Knakal's ability to facilitate complex transactions, delivering optimal results for his clients. His strategic guidance and market expertise were pivotal in achieving a favorable outcome for The Fleming School.
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