19th century Gramercy townhouse sells for $19.5M

The entity Grand Merci, LLC paid Hedi Slimane’s Analytic Protocol LLC $19.5 million for 65 Irving Place in Gramercy. The deal closed on January 8, 2021 and was recorded on January 19, 2021. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4) and containing 2 residential units. The property is 7,429 square feet. The parcel(s) have total development potential of 7,429 square feet.
The average sale price per square foot is $2,625.

The seller was identified as fashion designer Hedi Slimane.  The buyer is in care of Berman Capital Advisors, an investment advisory firm based in Atlanta. This property was marketed by Compass as a single-family townhouse. The city classifies it as a commercial property. The last time the property sold was July 21, 2014 for $11,000,000.
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