Carnegie Hill condo sells for $14.3M

The entity Carnegie Hill Holdings LLC paid $14.3 million to South Dakota Trust Company through the entity 1110 Park Avenue Apt. G Trust for a condo (SC) unit at 1110 Park Avenue in Carnegie Hill, Manhattan.
The deal closed on June 29, 2021 and was recorded on July 21, 2021.
The property has 5,617 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $2,550 per the PincusCo analysis.
The seller bought the property on 17-Apr-17, for $13.5 million.
The signatory for South Dakota Trust Company was Lana K. Jensen. The signatory for Carnegie Hill Holdings LLC was Steven Matz.
(121441653)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 9 residential units on October 15, 2015.
Within a 400-foot radius of 1110 Park Avenue, PincusCo identified four commercial real estate items of interests occurred over the past 24 months.
Of those four items, one was for major renovation including a certificate of occupancy change. It was an initial temporary certificate of occupancy issued on October 7, 2020 for the $2.4 million renovation of 0-square-foot R-3 building with one residential units at 103 East 91st Street.
Of those four items, two were sales above $5 million totaling $19.6 million. The most recent of the two was Martin Nussbaum which bought the 4,640-square-foot, two-unit two-family building (B9) on 68 East 91st Street for $8.6 million from Sharon Pearson and Michael J. Rietbrock on July 7, 2021.
One of those four items was a loan which Rudin Management borrowed $7.5 million from The Prudential Insurance Company Of America secured by the 127,395-square-foot, 46-unit rental (D6) on 1085 Park Avenue on May 3, 2021.

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