KAY-Medix pays $8.7M for 12-unit in Murray Hill

The Japan-based Kay-Medix Corporation paid Nathanial Rahav’s Pr 121 East 37 LLC $8.7 million for 121 East 37th Street in Murray Hill. The deal closed on January 28, 2021 and was recorded on February 18, 2021. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 12 residential units. The property is 7,080 square feet.
The sale price per unit is $725,000.

The KAY-MEDIX CORPORATION is registered in Japan. The owner is in care of MD Squared Property Group. The last time the property sold was December 5, 2016 for $7,463,000.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $143,000.

Direct link to Acris document. link