Condo unit in Marquand in Lenox Hill sells for $12.8M

Jeffrey Zucker through the entity Allthatjaz, LLC paid $12.8 million to the entity Raf 2014 LLC for condo (SC) unit 2W at the Marquand at 11 East 68th Street in Lenox Hill, Manhattan.
The deal closed on June 15, 2021 and was recorded on June 24, 2021.
The property has 3,837 square feet of built space according to the PincusCo analysis of city data. The sale price per built square foot is $3,322 per the PincusCo analysis.
The owner bought the property on 4-Sep-15, for $14.8 million.
The signatory for the seller was M. Nader Ahari. The signatory for Jeffrey Zucker was Jeffrey Zucker.
(121358627)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 29 residential units on February 22, 2018.
This is for Unit 2W.
Within a 400-foot radius of 11 East 68th Street, PincusCo identified nine commercial real estate items of interests occurred over the past 24 months.
Of those nine items, one was for major renovation including a certificate of occupancy change. It was an initial temporary certificate of occupancy issued on July 29, 2019 for the $4.8 million renovation of 0-square-foot R-3 building with one residential units at 11 East 67th Street.
Of those nine items, three were sales above $5 million totaling $84.2 million. The most recent of the three was Alan Howard which bought the 16,185-square-foot, one-unit townhouse (A4) on 12 East 69th Street for $59.0 million from Vincent Viola on March 16, 2021.
Of those nine items, five were loans above $5 million totaling $75.8 million. The most recent of the five was 20 East 68th Street cooperative which borrowed $12.8 million from Investors Bank secured by one condo unit in the 96,152-square-foot, 85-unit mixed-use building (RM) on 20 East 68th Street on April 15, 2021.

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