63rd Street Bldg LLC pays $12M to Philip Young for property in Lenox Hill

63rd Street Bldg LLC paid Philip Young’s 63rd Street Young LLC $11.5 million for 3 East 63rd Street in Lenox Hill. The deal closed on April 29, 2020, and was recorded on May 6, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 11 residential units. The property is 9,459 square feet. The parcel(s) have total development potential of 10,036 square feet.
The sale price per unit is $1,045,455.

The sale went into contract February 13, 2020.

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