Carlton House resale unit sells for $14.1M, down from $21.6M

The entity Janida 61 LLC acquired an interest from Lash 61 LLC valued at $14.1M for co-op (D4) unit 16B at 21 East 61st Street in Lenox Hill, Manhattan.
The deal closed on July 8, 2021 and was recorded on July 16, 2021.

Carlton House is an apartment building that was developed into cooperative units by Extell Development as the sponsor. Lash 61 LLC bought the sponsor unit in June 2015 for $21.6 million which had an asking price of $25 million.

Within a 400-foot radius of 21 East 61st Street, PincusCo identified eight commercial real estate items of interests occurred over the past 24 months.
Of those eight items, four were for major renovation including a certificate of occupancy change. There were three permits with a total initial cost of $17 million and one initial temporary certificate of occupancy issuance for a project that initially cost $2.1 million. The most recent of these four items was the permit on May 12, 2021 for a 23,334-square-foot townhouse with one residential unit at 5 East 62nd Street.
One of those eight items was a sale which Partyoftwo LLC bought a co-op unit at the Pierre at 797 5th Avenue for $11.3 million from Henry Duques and Dawn Duques on April 20, 2021.
Of those eight items, three were loans above $5 million totaling $68 million. The most recent of the three was The Pierre co-op which borrowed $50 million from Genworth Life Insurance Company secured by the 515,755-square-foot hotel co-op at 797 5th Avenue on December 16, 2020.

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