5-unit property on UES sells for $9.2M

The entity 19 E 74th Street NYC LLC paid the trust for Joan Szony $9.2 million for 19 East 74th Street in the Upper East Side. The deal closed on November 4, 2019, and was recorded on November 19, 2019. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 5 residential units. The property is 6,355 square feet. The parcel(s) have total development potential of 8,174 square feet.
The average sale price per square foot is $1,125.
The estimated cap rate is 4.2%

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